In an interview with the CNBC recently, Chief Executive Officer, Larry Fenke, stated that he was not worried about the over-leveraging of Bitcoin and the encryption market, and that he remained optimistic about the market performance for the next 12 months. As one of the largest institutions in global asset management, Belet ' s representations and financial movements of encrypted assets are generally of high market interest.
IBIT bought over $200 million in two days.
Belet has been expanding its influence in the encryption market since the launch of IBIT spot bitcoin ETF in 2024. According to Farside Investors, Beled has bought more than $200 million in bitcoin in recent days.
This inflow coincided with the recent rebound of bitcoin. Bitcoin was once back on the line at $64,000, and then moved to an inter-office arrangement, showing that the return flow was supporting prices, but the short-line movement remained unshocked.
The return to inflation boosts risk preferences
It was mentioned that the recent increase in Bitcoin in Belédé could be related to the recent improvement in inflation data in the United States. The consumer price index (CPI) in the United States declined by 0.4 per cent in June, the largest single-month decline since April 2020.
The fall in inflation usually alleviates market concerns about the duration of high interest rates and helps to increase risk asset preferences. For the encrypted market, such macro-data tend to affect ETF financial flows, institutional repositioning and overall market sentiment.
Geohazard risk is still short-line variable
However, the market is not only a lydo factor. The report also mentions that tensions between the United States and Iran have kept some investors and economists cautious. The upward trend in oil prices may also lead to a re-inflation of subsequent inflation data.
If inflation figures for July are higher than in June, the market’s expectations of the Fed’s policy path may recede again, and risk asset sentiment may be suppressed. Against this background, Bitcoin, while receiving institutional funding, is still affected in the short term by changes in the macro-environment and geo-situation.