According to the CEO of CryptoQuant, the current Bitcoin bull cycle is poised to continue until mid-2025.

Historically, Bitcoin bull markets have seen old whales taking profits, which typically shifts capital into new accumulation addresses, effectively raising the realized price of Bitcoin. This profit-taking phase, lasting about 18 months, began four months ago in the current cycle.

In political news, Robert F. Kennedy Jr., an independent candidate for the U.S. presidential election, has proposed an executive order to mandate the daily purchase of 550 BTC by the U.S. government, aiming to build a reserve of 4 million BTC. Additionally, there is speculation that former President Donald Trump might soon announce plans for the U.S. to acquire Bitcoin as a strategic reserve asset.

Bitcoin ETF Recorded Notable Uptick In Inflows 

On the ETF front, Bitcoin ETFs saw a significant uptick in inflows. As of July 26, the 10 Bitcoin ETFs collectively attracted $535 million in inflows over the past week, with positive flows recorded on four out of five trading days. However, this figure excludes data from the Valkyrie Bitcoin ETF (BRRR), which has experienced zero net flows over the past four days.

The combination of increased institutional interest and potential political support could further bolster Bitcoin’s market position, setting the stage for continued growth in the coming months.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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