Bitcoin Sentiment Is Turning Bullish — But It’s Too Early to Celebrate: Report

HomeMARKETSBitcoin Sentiment Is Turning Bullish — But It's Too Early to Celebrate:... MARKETS Bitcoin Sentiment Is Turning Bullish — But It’s Too Early to Celebrate: Report CoinShares has said that while investors have put money in crypto funds again, the Bitcoin price may still struggle. By Mathew Di Salvo July 17, 2026 Share FacebookXLinkedinReddItEmailTelegramCopy URL Prefer us on Google Download App Download App The Bitcoin bottom may be in — but don’t get your hopes up: It might struggle to go up anytime soon, according to one investment firm. A Friday report from European asset management firm CoinShares said that investors last week threw fresh cash at Bitcoin — and other crypto — exchange-traded products, indicating a change in sentiment. But other factors may hold digital asset markets from going higher, James Butterfill, head of research at CoinShares, wrote. “We have said for some time that Bitcoin has probably reached, or is close to, its floor,” the report read. “But we see no significant upside potential from here.” The report added that current macroeconomic headwinds, such as the US bombing Iran and rising oil prices, could see inflation go up again. Bitcoin’s price was up earlier this week, hitting a seven-day high of $65,501 on news that inflation in the US was softer than expected. It has since erased those gains and was recently trading for $64,010. The price of Bitcoin has typically done well on news that inflation is coming down because investors expect interest rates to come down. But Butterfill said that “a rate cut does not look probable at this stage.” Bitcoin’s worst run on record CoinShares’ data showed that investors pulled a total of $8 billion out of funds giving crypto exposure — “the worst run on record.” Last week, though, things reversed when $287 million hit crypto funds, CoinShares said, with the data so far showing that this week looks likely to be another positive streak. The price of Bitcoin has typically done well when US …

Bitcoin Sentiment Is Turning Bullish — But It’s Too Early to Celebrate: Report

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