Bitcoin is about to peak, Wall Street and US banks are "secretly pumping money"?

July has arrived, and the global cryptocurrency investment community is once again holding its breath, closely watching every movement of Bitcoin. After a period of sideways movement, the biggest question now is whether Bitcoin has the strength to break its historical high and set a new price milestone this summer?

While conventional factors like market sentiment or industry events remain a focus, the truly powerful drivers are coming from unexpected sources: the massive investment funds on Wall Street and banking giants like JPMorgan.

Billions of dollars from Wall Street are pouring into bitcoin.

Imagine Bitcoin as a valuable commodity. Previously, 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 in the form of spot bitcoin ETFs. This financial instrument allows investors, from multi-billion dollar pension funds to ordinary citizens, to easily and securely buy bitcoin directly on the stock market, just like buying shares of Apple or Google.

The emergence of these ETFs has created a "craze." Data shows that money has been continuously flowing into these funds, with a streak of 15 consecutive days of net buying just ending. This means that large institutions, those managing huge asset classes, 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 the price of Bitcoin to $116,000/BTC as early as July.

The remaining two factors are also worth noting.

Supply is running out: The amount of bitcoin available for trading on exchanges is falling to record lows. This is a simple economic principle: when goods become scarce and demand increases (thanks to ETFs), prices are bound to rise.

Monetary policy expectations: There are speculations that the US Federal Reserve (Fed) may have to loosen monetary policy, meaning "injecting" more money into the economy. As traditional currencies become cheaper, assets with good store of value like Bitcoin will become even more attractive.

The combination of strong capital inflows from Wall Street and increasingly scarce supply is creating an extremely solid launching pad for bitcoin in the short term.

Bitcoin sắp vượt đỉnh, phố Wall và các ngân hàng Mỹ đang “ngầm bơm tiền”? - 1 — A wave of billions of dollars from Wall Street through ETFs could potentially create a price shock for bitcoin in the near future (Illustration: Cointelegraph).

The "secret" plan of the banking giants: A much bigger game is at stake.

While ETFs are the story of the present, an ambitious plan by America's largest banks could shape the future value of bitcoin for years to come.

Arthur Hayes, one of the most influential minds in the cryptocurrency industry, has painted a striking picture. According to him, the US government needs a way to finance its massive public debt. And the solution may come from banks like JPMorgan.

This plan works as follows.

Issuing their own "digital dollars": Large banks will create their own stablecoins (stable currencies that are pegged to the USD). For example, JPMorgan could issue "JPMD".

Using customer deposits: They will convert a portion of their trillions of dollars in customer deposits into this digital dollar format.

Buying government bonds: To back these digital dollars, banks will have to buy a super-safe asset. And that is US government bonds.

This creates a perfect cycle: The US government has a huge demand for its bonds, making it easy for them to borrow. Meanwhile, the banks make a safe profit.

So what does Bitcoin have to do with this? The answer lies in "cash flow." This plan is essentially a way to subtly inject a massive amount of money into the financial system without having to openly "print money."

With more money in the system, investors will look for places to store and generate returns on their assets. And Bitcoin, with its limited supply of 21 million coins, is seen as one of the best "safe havens" against the devaluation of the currency.

Simply put, the plans of major 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 driver that could last for many years.

Will everything happen immediately?

Amidst these extremely optimistic signals, we also need a realistic perspective. While the potential for further price increases is enormous, the path to new highs may not be a straight line.

History shows that the period from July to September is usually a time when the market slows down, with lower trading volumes.

According to the latest on-chain data from the analytics platform CryptoQuant, the average unrealized return for long-term (LTH) investors is currently 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 an uptrend, but has not yet reached the "extreme euphoria" seen at previous cycle peaks. Experts believe that to reach that state, the price of Bitcoin may need to aim for $140,000.

Currently, the price of Bitcoin is still around $107,000/BTC, only about 4% away from its historical peak. However, the drop in the Bull Score to a neutral level of 50 points suggests that the upward momentum is slowing down, at least in the short term.

While the market may need a break this summer, signals from Wall Street and major banks cannot be ignored. They indicate that bitcoin is gaining increasing acceptance and deeper integration into the global financial system.

For investors, this is a time to watch carefully, as the biggest movements may be quietly unfolding beneath the calm surface 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