Bitcoin emerged carrying an idea that transcends money; it was an intellectual project aimed at giving individuals financial freedom, away from central banks and the systems that monopolize the issuance and distribution of money. The promise was simple and bold: no intermediaries, no surveillance, no central control. But it seems that times have changed a lot.
Today, platforms like Binance or OKEx no longer lead market pricing. Instead, Wall Street — the financial system that Bitcoin came to break its monopoly — is the biggest player. BlackRock's IBIT fund, one of the largest Bitcoin ETF funds, has assets exceeding $86 billion, with daily trades exceeding $4 billion through options contracts. More than half of daily Bitcoin trades now occur during US market hours, which means that actual pricing is happening now from within US financial institutions, not from crypto platforms.
Bitcoin has started to behave like a traditional asset where it is used for hedging, priced according to institutional risk models, and affected by interest rates and economic reports. It is no longer an independent currency from the system, but has become a part of it.
Institutional entry may be beneficial in terms of liquidity and stability, but it has significantly changed the way Bitcoin operates. It is now priced on Wall Street, traded within traditional market hours, and held through intermediaries. These changes do not happen all at once, but gradually and quietly.
The institutional shift and adaptation to the financial system itself is not a problem. But when it comes at the expense of the principles on which Bitcoin was founded, such as decentralization and self-control, the price is the loss of its original identity.
What does this mean for the day trader?
If you are trading Bitcoin on a daily basis, the current changes should be on your radar. The market is no longer moving solely based on technical analyses or news from crypto platforms, but has become linked to traditional factors such as Federal reports, ETF fund trends, and institutional liquidity movement in the US market. This means that the timing of entry and exit, and understanding monetary policies, have a greater impact than ever. Bitcoin is no longer that chaotic asset that moves independently... it has become a monitored, regulated asset, and its liquidity is managed by giant institutions.
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