Bitcoin's market is in stagnation, as many investors are focused on ETFs. Research shows slight activity growth in the paper market, but not on the blockchain.
Bitcoin and the Impact of ETFs
Analysts like Ki Young Ju claim that retail investors have shifted to the shadows of ETFs, accounting for 80% of the flows into Bitcoin spot ETFs. These new investment paths are not visible in traditional market indicators.
Market Sentiments and Weak Signals
Interest in Bitcoin is waning: the Fear & Greed Index is dropping, crypto searches are decreasing, and Bitcoin remains 22% below its previous ATH. These weak signals suggest a need to rethink trading approaches with crypto assets.
Lack of Capital and a Long Road to Recovery
According to Ju, the Bitcoin bubble has burst, leaving a 6-12 month wait before a new high. Worsening the situation is the lack of new capital sources and negative ETF flows for three consecutive weeks.
Bitcoin is at a stage where further growth is questionable due to a lack of fresh capital and increased regulation. This period will require patience from investors and a new perspective on old indicators.
