Quicktake post<\/a> on the CryptoQuant platform, crypto research and education firm XWIN Research Japan delves into the dynamics of the Bitcoin market noting that a crucial structural shift is emerging.\u00a0<\/p>\nThe relevant indicators in this analysis are the Total Bitcoin Spot ETF Net Inflows, the Coinbase Premium Index, and the Fear & Greed metrics. The ETF inflows measure the net amount of Bitcoin moving into or out of Spot ETFs; the Coinbase Premium tracks the price difference between Coinbase and other exchanges.<\/p>\n
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According to the XWIN Research Japan, ETF Flows and the Coinbase Premium at (~0.56)are displaying a positive correlation signalling aligning inflows with spot demand. However, XWIN Research Japan points to an important distinction: institutional buying actually precedes ETF inflows, not the other way around, as is popularly believed. Hence, the rising values from Coinbase Premium which signal that US investors are buying again,\u00a0 and are the essential drivers of Bitcoin\u2019s price.\n<\/p>\n
Fear And Greed Index Reveals Persistent Retail Fear\u00a0<\/h2>\n
On the contrary, the analytics group notes that the Fear & Greed index is telling a less optimistic story. The experts highlight that the index remains quite low, with readings still within the range of 10-30, indicating that retailers are still outside the action.\u00a0<\/p>\n
This \u201csidelining\u201d of retailers might have roots in the recent losses they incurred, while institutional investors continue to accumulate due to \u201cflow and structure.\u201d Therefore, this behavior creates the classic \u201cWall of Worry\u201d rally, in which a cryptocurrency\u2019s price (Bitcoin, in this case) rises despite widespread market skepticism.<\/p>\n
Thus, XWIN Research Japan explains that this could ultimately mean the market is in the early or even mid phase of an \u201cinstitutional-led uptrend,\u201d in which retail participation is exempt from the factors actively driving prices. In a scenario where retail activity picks up with predominantly bullish intent, the premier cryptocurrency could be in for further upside.<\/p>\n
As of press time, Bitcoin is valued at $75,703, with CoinMarketCap data showing the world\u2019s leading cryptocurrency has lost 2.24% of its value over the past day.<\/p>","protected":false},"excerpt":{"rendered":"
A recent on-chain analysis suggests that Bitcoin is once again showing divergence across its investor cohorts, specifically between institutional players and retail investors. According to this analysis, the Bitcoin price may have more room for growth than we have seen so far in this cycle. Bitcoin ETF Flows Align With Coinbase Premium Index Readings In […]<\/p>\n","protected":false},"author":0,"featured_media":152531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-152530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/152530"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=152530"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/152530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/152531"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=152530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=152530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=152530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}