PANews reported on July 10 that according to CoinDesk, Markus Thielen, founder of 10x Research, pointed out in a client report on Thursday that since late April 2025, the inflow of funds into Bitcoin ETFs has surged, mainly due to the pressure on the Federal Reserve by Trump and others. Trump publicly asked Chairman Powell to cut interest rates to 1% and resign. Bill Pulte, director of the Federal Housing Finance Agency, and Senator Cynthia Lummis also called on Powell to step down. At the same time, the minutes of the Federal Reserve's July meeting showed that officials' differences on policy have intensified. The continued inflow of ETF funds and the increasing pressure to cut interest rates have forced previously hesitant traders to re-enter the market, driving the recovery of cryptocurrency bullish momentum. Thielen said that since mid-April, Bitcoin ETFs have bought $15 billion in Bitcoin, and the purchase has not been interrupted. Stable demand is forcing traders to re-enter the market. Combined with the seasonal performance in July and macro catalysts, the market still supports further increases.