According to Miles Deutscher, BTC is structurally weak and has been trading within a downtrending channel since early July. Source: Miles Deutscher (X, Aug 20, 2025). According to Miles Deutscher, the MicroStrategy treasury bid—which he identifies as the main driver of BTC’s last rally—has significantly decreased in size and frequency, creating a demand void. Source: Miles Deutscher (X, Aug 20, 2025).

According to Crypto Rover, the US Federal Reserve injected $43.6 billion into the bond market last week, including a single-day purchase of $8.8 billion in 30-year Treasuries (source: Crypto Rover on Twitter, May 18, 2025). This substantial liquidity injection signals the beginning of major money printing, which historically leads to increased inflation concerns and can drive capital flows into cryptocurrencies like Bitcoin as a hedge. Traders should monitor crypto price action closely for potential bullish momentum linked to monetary expansion and weakening dollar outlook.