Base

Bitcoin (BTC) bulls may have reason to celebrate in the coming weeks as they could lift the price of the largest cryptocurrency after months of declines and range trading.
Since March 4, BTC has traded in a range of $59,000 to $7 billion (74,000), driven by a 10 billion yen increase in sales, imminent sales pressure, outflows from exchange-traded funds (ETFs) and spikes in negative sentiment among retailers. However, the historically optimistic 7-month period may soon change the situation. On the first day of May, the US-listed Etf recorded inflows of nearly €130 million, the most since early May, following outflows of €900 million, or more than €6 million, in March.
“The average return of Bitcoin in January was 9.6%, and it is trending towards a significant recovery, especially after a negative month (-9.85%),” Singapore-based QCP Capital said in a telegram broadcast on Monday.
"Our options sector also saw increased flows last Friday, possibly in anticipation of the launch of the ETH Spot ETF.