July has arrived and the cryptocurrency investment community around the world is once again holding its breath, watching every move of Bitcoin. After a period of sideways movement, the biggest question now is whether Bitcoin has enough strength to break the historical peak and set a new price mark this summer?
While conventional factors like market sentiment and industry events still matter, the real power movers are coming from unlikely places, like Wall Street's giant hedge funds and banking giants like JPMorgan.
Billions of Wall Street Money Are Pouring Into Bitcoin
Think of bitcoin as a precious commodity. In the past, to buy it, you had to go to specialized “markets” (i.e. cryptocurrency exchanges). But now, things are different.
Since the beginning of this year, a new door has opened up called the Bitcoin Spot ETF. This financial instrument allows investors, from multi-billion dollar pension funds to ordinary people, to easily and safely buy Bitcoin right on the stock market, just like buying Apple or Google shares.
The launch of these ETFs has created a “fever”. Data shows that money has been pouring into these funds continuously, with a 15-day streak of net purchases just ending. This means that large institutions, who manage huge amounts of assets, are very confident in the potential of bitcoin and are constantly accumulating it.
According to analyst Markus Thielen from 10x Research, this is one of three factors in a "perfect storm" that could push bitcoin prices to $116,000/BTC in July.
The other two factors are also worth noting.
Supply is running out: The amount of bitcoin available for trading on exchanges is falling to record lows. It’s a simple law of economics : when a commodity becomes scarce and demand increases (thanks to ETFs), the price must rise.
Monetary policy expectations: There is speculation that the US Federal Reserve may have to ease monetary policy, i.e. pump more money into the economy. As traditional currencies become cheaper, assets that are good stores of value like bitcoin become more attractive.
The combination of strong Wall Street money and increasingly scarce supply is creating an extremely solid launchpad for bitcoin in the short term.
A wave of billions from Wall Street through ETFs is likely to create a bitcoin price shock in the near future (Illustration: Cointelegraph).
The "secret" plan of the banking giants: A much bigger game
If ETFs are the story of the present, an ambitious plan by America's largest banks could be the future that shapes the value of bitcoin for years to come.
Arthur Hayes, one of the most influential minds in the cryptocurrency industry, paints a striking picture. According to him, the US government needs a way to finance its massive public debt. And the solution could come from banks like JPMorgan.
This plan works as follows.
Issue their own “digital dollar”: Major banks will create their own stablecoins (stable coins that are valued 1-for-1 with the USD). For example, JPMorgan could issue “JPMD”.
Using customer deposits: They will convert some of the trillions of dollars in customer deposits into this digital dollar form.
Buying government bonds: To back these digital dollars, banks will have to buy a super-safe asset. And that asset is US government bonds.
This creates a virtuous cycle: The US government has a huge demand for its bonds, making it easy for them to borrow. Meanwhile, banks make a safe profit.
So what does bitcoin have to do with this? The answer lies in “cash flow.” The plan is essentially a clever way to inject huge amounts of money into the financial system without having to openly “print money.”
As more money enters the system, investors will look for places to park and earn interest on their assets. And bitcoin, with a limited supply of 21 million coins, is seen as one of the best “safe havens” against currency devaluation.
Simply put, the plans of the big banks will indirectly create a huge demand for safe and valuable assets like bitcoin. This is not a short-term boost, but a sustainable growth engine that can last for years.
Does everything happen instantly?
Amidst all this extreme optimism, we also need to be realistic. While the upside potential is huge, the path to new highs may not be a straight line.
History shows that July to September is typically a slow market period, with lower trading volumes.
According to the latest on-chain data from analytics platform CryptoQuant, the average unrealized profit of long-term investors (LTH) is now at 220% — an impressive figure but still lower than the 300-350% seen during the peaks in March and December 2024.
This suggests that the market is still in a bull market, but has not yet reached the “extreme euphoria” seen at previous cycle peaks. Experts say that to reach that state, bitcoin prices may need to head towards $140,000.
Currently, the price of bitcoin is still around $ 107,000 / BTC, which is only about 4% away from the historical peak. However, the decline of the Bull Score index to the neutral level of 50 points shows that the bullish momentum is slowing down, at least in the short term.
While the market may need a summer break, the signals from Wall Street and the big banks are hard to ignore, suggesting that bitcoin is becoming more accepted and integrated into the global financial system.
For investors, this is a time to watch carefully, as the biggest moves may be quietly taking place just behind the quiet curtain of summer.
Source: https://dantri.com.vn/kinh-doanh/bitcoin-sap-vuot-dinh-pho-wall-va-cac-ngan-hang-my-dang-ngam-bom-tien-20250703202958459.htm
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