According to CoinShares, Bitcoin's recent rally is mainly driven by macro factors rather than internal catalysts within the crypto industry. Weak U.S. inflation and employment data have reduced expectations for further rate hikes, while the rise in long-term U.S. Treasury yields reflects concerns about the sustainability of U.S. fiscal policies. This combination of looser monetary policy and rising fiscal pressure typically benefits Bitcoin. CoinShares also pointed out that whales have stopped selling and started accumulating again. Bitcoin has broken above the 200-day moving average, but it may still trade within a range in the short term, with $80K being a key upper resistance level. This week, digital asset investment products attracted approximately $2.2 billion in inflows, with Bitcoin products accounting for about $1.6 billion, marking the largest weekly inflow this year. https://(wublock123.com)/news/coinshares-bitcoin-rally-driven-by-macro-factors-whales-accumulating-66972