The Flows Behind Bitcoin’s All-Time-High

With the price bashing $20,000, and with the narrative so strong, it is curious that Bitcoin hasn’t already spiked higher. The network is strong, and we believe it is just a matter of time.

Hotel California — Bitcoin goes into a fund, but it never leaves

Source: Bloomberg. Combined BTC holdings in Grayscale, CoinShares, 21 Shares, WisdomTree and BTCetc since 2017.

Institutional dominance ratio

Source: ByteTree. Bitcoin $ (black) and the institutional dominance ratio since 2015.

Applied data for digital asset investors. ByteTree provides real-time data, fundamentals, technical and deep blockchain market analysis for Bitcoin, and more.

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