📈 🟠 Market Growth Driven by "Paper $BTC 's," Not Exchange Activity
🔹 What the CryptoQuant CEO Says:
* The main drivers are #ETFs and institutional investors, not traders on exchanges.
* This refers to so-called "paper BTCs" — positions that don't move the actual asset.
* Capital flow is primarily directed towards passive investment products, rather than spot purchases.
* This changes the nature of the market: less volatility, more long-term demand.
🔴 #Bitcoin is becoming a tool for traditional investors, not just speculators.