A Radical Shift in Bitcoin Market Structure:

Beyond Price Movements?

The real issue that many do not discuss is not in Bitcoin itself, but in how it is transformed into a "financial instrument" (Financialization) by major institutions. The market we trade today is no longer just simple supply and demand.

What actually influences the price now?
Leverage and Derivatives Impact: Thanks to ETF funds and CME contracts, a single currency now supports multiple levels of price claims. This "paper Bitcoin" absorbs liquidity and influences price movements without the need to move actual coins.
Hedging Tools (Hedging): Hedge funds now use Bitcoin as a tool to generate fees or as part of complex strategies, reducing the sharp rises we used to see.
Centralized Liquidity: As long as coins remain on centralized platforms, they will be used as (Collateral) to open opposing positions against the market trend, putting upward and downward pressure on the price.

*An illustration of the evolving Bitcoin market structure.*

How do we protect the value of our investment?
The permanent solution is Self-Custody (Self-Custody): Removing coins from exchanges is the only way to ensure your assets are not used against you in derivatives markets.

*A secure self-custody wallet for Bitcoin.*

We have been monitoring this market for a long time, and I have seen how the rules of the game change with the entry of institutional liquidity. This is not negative in the long term, but we must be more cautious in reading the market.

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