Main meals:

• The Avenir group and Glassnode data concluded that a large part of ETF Spot BTC flows are only unavailable situations, indicating a real institutional conviction instead of relying on short -term arbitration strategies.

• BTC continues to behave like traditional total assets with strong connections to stocks, gold and liquidity, with a follow -up to the unlike dollar and the high return.

A new study reveals that a large part of the instant bitcoin flows (BTC) is not moved by the strategies of story or future ouds, but through demand for the long -term non -fortified range of traditional markets, which is just one layer of the most deep transformation.

A cooperative report issued by Glassnode and Avenir Group stated that although the launch of the ETFS for the United States of America, the investment funds circulated in the United States were a milestone sign of the encryption market, questions remained whether the capital flow was authentic or just a result of the foundation trades that exploit the differences in prices between futures CME and instant markets.

All short positions in CME Bitcoin’s futures for asset managers, merchants and hedge funds are completely surrounded by ETF Holdings. To address this question, a new framework has been developed.

“Despite their strict model that filters the arbitration activity, the data reveals a strong relationship between unprocessed demand and instant ETF flows. This indicates that many of the capital that enters the traded investment funds reflects real and directional exposure, which indicates that institutional investors are not only looking for the market, but are committed to condemnation.

Analysts said that the fixed height of Spot Etf Holdings indicates a structural change in the Bitcoin market profile. Bitcoin is increasingly treated as an institutional origin. This shift brings more stable capital, improvement of liquidity, and signs of maturity market.

Related: Bitcoin decreased by 15 % since June 15, a sharp decrease in 3 years

Bitcoin identity crisis has ended

Besides ETF instant flows, the study noted that Bitcoin is increasingly behaving like the total origin, as its performance is now closely related to the broader financial conditions. The data shows increasing positive connections with traditional assets on risk such as S&P 500, NASDAQ and gold, with the US dollar index tracking and credit stress indicators.

The global liquidity index (GLI) sheds light on this shift, such as bitcoin gatherings, while expanding liquidity and stumbling when tightening financial conditions.

Supporting this advanced trend, Andre Dragush, head of research at BitWise Europe, highlighted the relationship between the global money show and the Bitcoin price.

While the warning against the use of global liquidity measures for short -term predictions, the analyst noted that “statistical evidence indicates a long -term relationship”, with an estimate that every trillion dollars in the width of global money can translate to an increase of $ 13,861 in Bitcoin price.

Related: Anthony PoxPyliano’s Crypto project buy $ 386 million in Bitcoin

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.