Bitcoin Traders Position for ‘Bullish July’ as BTC ETFs Record $124M Inflows
Since April, Bitcoin's price has ranged between $59,000 and $74,000, but historical trends suggest a potentially bullish July.
Seasonal cycles, such as profit-taking around tax season in April and May, and increased demand in December, can influence cryptocurrency prices, leading to predictable changes.
Bitcoin (BTC) bulls may have reason to cheer in the coming weeks as possible seasonal cycles boost prices of the largest cryptocurrency after months of declines and rangebound trading.
BTC has traded between $59,000 and $74,000 since April, weighed down by billions in sales, upcoming selling pressure, outflows from exchange-traded funds (ETFs), and peak negative sentiment among retail traders.
But a historically bullish month of July could soon change that. The first day of the month saw U.S.-listed ETFs record nearly $130 million in inflows – their highest since early June after more than $900 million in outflows over the month

Bitcoin traders are gearing up for a potentially bullish July, fueled by seasonal trends and recent ETF inflows. After a period of rangebound trading, historical data suggests a positive momentum shift ahead. Keep an eye on market dynamics as we head into the summer months.