Institutional capital has transformed Bitcoin markets through ETFs, derivatives, and leverage, creating 'paper Bitcoin' that influences prices independently of actual coin movement. Centralized holdings serve as collateral for counter-positions, altering traditional market dynamics and potentially dampening volatility compared to earlier cycles.














40.09K Popularitas
148.11K Popularitas
88.25K Popularitas
1.66M Popularitas
484.08K Popularitas
7.85K Popularitas
6.86K Popularitas
20.06K Popularitas
3.94K Popularitas
363.99K Popularitas
44.46K Popularitas
100.56K Popularitas
16.77K Popularitas
104.75K Popularitas
6.67K Popularitas