$ENA Citi's latest report points out that the main driving forces behind the short-term Bitcoin price trend are institutional ETF fund inflows and an increase in user adoption rates, rather than supply or output models. 

The Federal Reserve maintained interest rates at 4.25–4.5% during its July meeting and is not in a hurry to lower rates in September; overall monetary policy remains hawkish, and future attention should be paid to policy events such as the Jackson Hole speech.