Bitcoin's bull case is getting louder in published research this week.
Two distinct threads of analysis both point higher from here, though they arrive there from different angles.
One camp of researchers frames it as a simple demand-versus-supply story: weekly ETF net inflows just hit their highest level since January, and cumulative buying by large corporate treasuries and US spot Bitcoin ETFs is argued to far outweigh the selling pressure from Bhutan's state holdings, miner distributions, and names like Marathon. In this view, the "supply overhang will crush the rally" narrative simply doesn't survive contact with the institutional bid.
A separate strand of recently-published technical work takes a structural angle, highlighting a clean pattern of higher highs and higher lows emerging after a stretch of base-building. That analysis situates the current move inside Bitcoin's familiar four-year cycle — a framework that keeps the medium-term bias constructive even if near-term price action consolidates.