CoinShares, the European digital asset investment firm, projects that Bitcoin will remain below the $80,000 threshold until the Federal Reserve delivers a clear signal of monetary policy loosening. Bitcoin-focused investment products recorded inflows of $702 million as of July 18, ending an eight-week outflow streak that had drained approximately $8 billion from Bitcoin funds. The firm characterizes these inflows as tactical rather than structural, with investors capitalizing on short-term opportunities tied to inflation data rather than shifting to a long-term bullish position on Bitcoin. Two catalysts could change the situation: employment weakness giving the Fed cover to cut rates, or a broader lowering of rate expectations across the market. CoinShares indicated it is looking for a pattern rather than a single data point to confirm a sentiment reversal.
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