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Cooper Research: Each additional purchase of 10,000 BTC in the ETF can push the average price up by 1.8%, potentially rising to $150,000 in October.
According to a report by Jinse Finance, research firm Cooper Research has released a report indicating that with a large influx of investor funds into Bitcoin exchange-traded funds, the rise in Bitcoin price seems inevitable. Data shows that for every 10,000 BTC increase in ETF holdings, the average price of Bitcoin can rise by 1.8%. Analysts point out that from a series of data indicators, Bitcoin appears to be ready for another significant rise. The leverage-driven market frenzy is gradually fading, and the price movement of Bitcoin may take a more moderate path. It is expected to reach $140,000 in September, possibly rising to $150,000 as early as the beginning of October.