$BTC

🔻 Bitcoin volatility has fallen to a 20-month low. In July, the market is showing a rare calm for crypto. Meanwhile, transactions on the network are at a two-year low: in June, they decreased by 15% compared to May.

💰 At this moment, record amounts of money are flowing into Bitcoin ETFs on Wall Street. In just two days, over $1 billion in inflows, with a total investment volume of $137.6 billion, the highest in history.

🐳 Large players, public companies, and funds are now the main buyers of BTC. In June alone, they purchased approximately 65,000 BTC (~$7 billion). Data shows that the network is quieter, but the share of 'whale' transactions is increasing.

📉 BTC futures are losing volume, while spot ETFs are, on the contrary, breaking records. This may indicate a turning point: retail is retreating, and institutions are taking positions.

📌 Conclusion: against the backdrop of low volatility and declining network activity, Bitcoin is slowly but surely transitioning from retail investors to large capital. Not only is the price changing — the structure of the market itself is changing.