Crypto markets could see a shift this July, but analysts emphasize that Bitcoin‘s (CRYPTO: BTC) movement around the $110,000 mark will determine whether the market breaks higher or stays in a holding pattern.
What Experts Are Saying: According to Iliya Kalchev, analyst at Nexo Dispatch, this summer may break from the traditional slowdown seen in past July-to-September periods.
Kalchev noted that steady inflows into crypto exchange-traded funds (ETFs), alongside continued corporate accumulation of Bitcoin and Ethereum, are helping build a foundation for further upside.
“Long-term holders are showing no signs of exiting,” Kalchev told Benzinga, suggesting that confidence in the market’s long-term prospects remains intact.
Kalchev also pointed to a steady expansion of U.S. money supply (M2), which recently crossed $21.9 trillion, a level of liquidity that often supports risk assets like cryptocurrencies.
Derivatives markets appear to …