Bitcoin Price Could Surge to $81K with ETF Approval

Analyst Butterfill, Coinshare Research Head, presents a thorough analysis of the interplay between Bitcoin prices and Exchange-Traded Products (ETP) fund flows. His study underscores a parallel trend of rising Bitcoin prices and surging ETP inflows, advocating for a momentum-based investment strategy among ETP investors.

Butterfill’s research also sheds light on how market downturns affect sentiment-driven ETP trading. A notable aspect of his examination is the introduction of a predictive model that correlates weekly ETP flows, as a percentage of Assets under Management (AuM), with Bitcoin’s price movements over a 45-day period.

This model forecasts a significant influx of $14.4 billion, potentially driving Bitcoin’s value to an unprecedented $141,000. This insight offers a compelling perspective on the dynamics of cryptocurrency markets and investment strategies.