Bitcoin Bulls under-position ‘while Trump’s pressure on Fed is pushing $ 15B to ETFs, says analyst
The US Bitcoin’s listed area
Funds exchanged by exchange (ETFS) is attracting billion -billions of investors in three months, amid increased political pressure in the US Federal Reserve (FED) to cute the rates.
The relentless flow now forces entrepreneurs to “under-position” to chase upside down by derivatives, revived the bullish momentum in cryptocurrency, according to Markus Thielen, founder of the 10x research.
“The sharp growth in the Bitcoin ETF flows since late April 2025 has been mainly driven by political pressure in the Federal Reserve, with Donald Trump openly demanding that Chair Jerome Powell cut federal housing rates and resign. Finance Bill Pulte and Senator Cynta Lummis also call Powell to step down, who criticizes his fears of Hawkish Since,) Thielen said in a note to clients Thursday.
Trump’s repeated attacks on the Federal Reserve revived memories of the Turkish President Erdogan’s similar action between 2019 and 2021, which led to a wide-based shift away from Turkish properties and a crash in Lira. After that, Erdogan issued many commands that removed central bank officials for the disadvantage of rates.
Meanwhile, Trump repeatedly called for Powell’s resignation, saying that his reluctance to cutting rates was worth the billions of American dollars. The minutes of the Fed meeting held on July 17-18 showed a growing division of how the policy should continue from it. According to the CNBC, opinions came from a “couple” by officials who said the next cut could come at this moment this month in “some” that thought that no cuts this year would be appropriate.
Under-position bulls re-entered
The uninterrupted ETF flow, combined with the growing pressure on the Fed to cut rates, finally forces the merchants, hesitating to make bullish trading, to re-enter the market thoroughly.
“Since mid-April, Bitcoin ETFs have accumulated the $ 15 billion worth of Bitcoin, and remarkable, this purchase has continued uninterrupted, even though Bitcoin has been combined from mid-May. This stable demand appears to now forcing underpositioned entrepreneurs to return to the market, as it suggests a proposition of data from the Divatives,” Thielen said.
The entrepreneurs are being pursued Call the strike options of $ 130,000, as CoinDesk mentioned early this week. A call option represents a bullish bet on the market, with demand for a $ 130,000 call that reflects expectations for a advancing price above that level.
These bullish flows are consistent with the positive arrows that are usually observed in July. Data Monitored by coinglass BTC shows put a positive performance in July eight over the last 12 years, with an average gain of more than 7%.
“Combined with the historic powerful time in July and the potential bullish catalysts from the upcoming MacRO data and policy development, the backdrop remains support for further upside down,” Thielen said.
Bitcoin struck a record of nearly $ 112,000 in several exchanges on Wednesday, according to Data Source CoinDesk.
