Bitcoin’s latest bull cycle suggested a very different market structure defined by larger institutional participation, lower volatility, and deeper liquidity.
Bitcoin (BTC) rose on Wednesday, gaining 7.5% over the last 24 hours to trade above $93,000, as analysts expected new highs.
This comes amid record capital inflows, rising realized cap and decreasing volatility, which suggested a changing market structure, according to a new joint report from Glassnode and Fanara Digital.
Key takeaways:
