"That's why it helps to understand what analysts look at when the chart isn't explaining why the market is moving or where it may move next. The focus shifts to factors that can quietly reshape Bitcoin's demand, liquidity and long-term narrative: Who's buying through exchange-traded funds (ETFs), how "Bitcoin treasury" stocks are treated by indexes, whether miners are earning enough to secure the network, what scaling actually looks like today and how regulation is shaping mainstream access."
"This idea comes straight from mainstream market reporting and flow data. Reuters framed Bitcoin's mid-2025 breakout as being "fuelled by strong flows into Bitcoin ETFs" and said the rally looked "more stable and lasting" than earlier, speculation-heavy runs. Reuters also quoted Aether Holdings' Nicolas Lin on why this matters for the longer term: "It's the start of crypto becoming a permanent fixture in diversified portfolios.""
ETF flows reflect allocation choices by wealth platforms, registered investment advisors, and discretionary desks, providing clearer institutional demand signals than leveraged exchange trading. Rapid ETF inflows stabilized mid-2025 rallies, while swift outflows can reverse sentiment. Bitcoin treasury stocks convert corporate BTC exposure into equity risk that is shaped by index inclusion rules and portfolio treatment. Persistently low transaction fees raise questions about miners’ long-term revenue and whether fee markets can sustainably secure the network. Scaling debates center on adopting Lightning, layer‑2 designs, or protocol upgrades. Regulatory developments continue to determine mainstream access and institutional adoption.
Read at Cointelegraph
Unable to calculate read time
Collection
[
|
...
]