Bitcoin's decline nearing its end... What are the conditions for returning to $100,000?

Source: DigitalToday Original Title: Bitcoin's Decline Nearing Its End… What Are the Conditions for a Return to $100,000? Original Link:

Analysis has emerged that the decline of Bitcoin is nearing its end. UK digital asset custodian Copper( stated in a recent report that Bitcoin is in the 'final stage of the downtrend,' which is a typical pattern that appears before a major rebound.

According to the blockchain media BeInCrypto, Cooper stated that the impact of the Bitcoin spot exchange-traded fund ) ETF ( flow on prices has decreased during this downturn. Initially, ETF outflows led to price declines, but now the analysis suggests that this relationship has weakened, allowing the market to absorb the downward pressure.

Cooper explained that the price moves in a stair-step manner based on the holdings of Bitcoin spot ETFs. If the ETF holds Bitcoin above a certain level, the price rises, but as the holdings stabilize, the magnitude of the increase diminishes. Currently, Bitcoin is hovering in the highest holding band corresponding to the price range of $100,000 to $120,000, which suggests that if ETF inflows decrease, the price may stagnate.

Cooper's analysis suggests that Bitcoin can only break through $100,000 if ETF flows change. For the upward trend to be maintained, ETFs need to move to a lower band or strong inflows must continue.

Meanwhile, institutional changes regarding digital assets are being detected in Europe. The CEO of a certain compliance platform in the UK ) said, “Regulatory bodies in Europe are seeking structural changes for digital assets,” adding that movements at the central bank level are also gaining momentum, such as the Czech National Bank testing a digital asset portfolio.

This trend may positively affect the long-term price increase of Bitcoin, but in the short term, ETF flows are expected to act as a key variable.