You've probably heard this phrase "The market structure has changed"

People repeat it and some notice it

But few stop and ask: Why? How? What are the results?

I won't just settle for observation… I want to see the data 🔍

In this thread, we will see together what really happened with Bitcoin 👇

What entities changed the game, and with the calculations and data, where will it reach #BTC

1⃣

📌 Let's start from the moment everything changed

⏱️January 2024… The first spot ETF for Bitcoin enters the market

This simple product opened the door for billions to enter Bitcoin legally and systematically

And the result? Regular institutional demand… you could consider it a machine that never stops 💰

Do you have any idea how much these funds pumped? 👇

2⃣

ETF funds collected 1.4 million BTC

And its market value reached 135$ billion

One of them, the fund #IBIT from #blackRock , now holds 690,000 BTC alone‼️

The most important?

This repeated institutional demand added to the market a "silent buying power"

It gradually withdraws liquidity… and raises the price over time 📈

3️⃣

Now we care about the impact

What was the impact of every dollar #USDT that came in through the #etf on the price of Bitcoin? 🤔

The answer?

Every 1$ investment led to an increase of 28$ in market value 🤯

(So a multiplier of 28x)

⚠️Of course, the calculation is theoretical because it is very natural to have dozens of other factors, but we are looking for a relationship and this relationship is clear in the chart below 👇

There is a strong relationship between cumulative flow and market value (R² = 0.88)