Odaily Planet Daily News: The latest report from 10x Research points out that Bitcoin's recent historic high is not driven by market speculation, but by deeper macroeconomic changes. The increase in the US $5 trillion debt ceiling, massive deficit spending, and the upcoming crypto policy report from the Trump working group are collectively reshaping the macro landscape.
The report suggests that Bitcoin has transformed into a macro asset to hedge against unrestrained fiscal spending, and its narrative logic has undergone a fundamental shift. The FOMC meetings on July 22nd and 30th may become a key catalyst for redefining the role of Bitcoin in the financial system. The data shows that seasonal factors in July, a surge in call option purchases, and a wave of short clearing have collectively driven this round of gains.