📈 Bullish Narrative: “The Calm Before the Next Surge?”
Thesis: Accumulate Now, Ride the July Wave
Institutional Accumulation
Spot BTC ETFs have attracted $14B+ since April, signaling deep, sustained institutional demand.
Whale activity supports this—mega addresses have upticked by ~4% recently, while mid-size holders (100–1,000 BTC) are steadily adding
Mild Volatility, Strong Technicals
Volatility is at multi‑year lows—one‑week implied vol in the 30s—indicating calm that often precedes big moves.
A bullish pin‑bar formed on the June monthly chart, rejecting lower prices around $102K, suggesting strength.
Catalysts on the Horizon
Analysts forecast a 25% breakout to ~$143K if BTC clears resistance near $114K
Matrixport sees a seasonal lift in July, projecting a move toward $120K, fueled by calm conditions and ETF inflows.
