Bitcoin price action is no longer determined by exchanges, forcing traders to watch this one institutional metric

Bitcoin’s market structure has entered a new phase as US spot exchange-traded funds now account for more than 5% of cumulative net inflows into the asset. According to Glassnode, the 12 funds have allowed institutions to become a marginal source of demand for the world’s largest digital asset. The firm noted that this was discovered The post Bitcoin price action is no longer determined by exchanges, forcing traders to watch this one institutional metric appeared first on CryptoSlate.