$BTC

How bitcoin price's newest source of long-term support is evolving

The bitcoin price chart this year looks somewhat like a V-shaped recovery, with early 2025 gains wiped out but then a major rebound.

While that matches the general trend in the risk-on recovery in stocks, ETF experts say the crypto has shown some signs of de-correlation with the markets this year, and there is another source of price support for bitcoin coming as financial advisors and institutions adopt crypto at a more deliberate pace than traders and retail investors.

The iShares Bitcoin Trust is No. 5 among all ETFs in flows this year, surpassed only by two giant S&P 500 ETFs, the Vanguard Total Stock Market ETF, and a short-term treasuries fund.

Bitcoin may have come off the all-time high it hit in May, but the cryptocurrency is still trading above $100,000

, and doing so with more consistency. Bitcoin recently held above $100,000 for 30 days, even with a 10% pullback, the first time that’s ever happened. A look at the bitcoin price chart this years show that it has more or less been through a V-shaped recovery, with its early gains wiped out but a sharp turn back up to the recent all-time high, close to where it remains today.

Plenty of reasons are offered for the ups and down in what has always been a volatile trade, but the biggest bitcoin ETF manager and a financial advisor who follows the cryptocurrency closely say that one source of price support that is new and won’t go away is the steady, if cautious, adoption of bitcoin by financial advisors and institutional investors.