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Research Explains the Reasons Behind Bitcoin’s New Bull Run – “This rally isn’t driven by hype”
The recent surge in the value of Bitcoin has been attributed to macroeconomic forces rather than retail speculation or fleeting interest. According to a fresh analysis from 10x Research, this bull run is rooted in seismic shifts in U.S. fiscal policy and broader economic uncertainty.
Data reveals that institutional funds have quietly led the charge, with steady inflows into Bitcoin vehicles and rising on-chain balances in long-term addresses signaling genuine accumulation rather than speculative froth.
The market structure also corroborates this fundamental backdrop, as 10x Research’s trend model flipped bullish on July 2, preceding a wave of short-position liquidations that accelerated upward momentum. Moreover, option markets confirm the shift: traders have shifted from selling calls to buying them aggressively, betting on further upside.
Furthermore, seasonal strength in July and subdued call selling and growing derivative activity indicate that this leg of the rally still has room to run. The upcoming high-profile policy report from a former president’s digital asset task force may signal renewed regulatory clarity, while the Fed’s July 30 FOMC meeting could reveal shifts in rate guidance amid escalating fiscal expansion.
In essence, Bitcoin’s latest surge is not driven by fleeting speculation or irrational exuberance but rather anchored in solid macroeconomic factors that reposition it as a key economic hedge.
Source: crypto-economy.com
