Welcome to today's Bitcoin Universe: Daily Update, where we delve into critical discussions and data points shaping Bitcoin's trajectory amidst its continued integration into global finance.
Here are the top three stories you need to know before you make your next move:
1. Challenging the 4-Year Bitcoin Cycle: Bitwise
Bitwise CIO Matthew Hougan presents a compelling argument against the traditional 4-year Bitcoin cycle, predicting the next major upside to manifest in 2026 and beyond. This perspective, influenced by macro factors, ETF demand, and global adoption, suggests a departure from historical patterns and warrants a re-evaluation of long-term investment strategies.
2. BlackRock's IBIT Amasses Over 304,000 BTC
BlackRock’s IBIT ETF has reached 304,000 BTC in holdings, putting it on par with major crypto-native entities. This highlights a critical trend: the accelerating concentration of Bitcoin within established institutional frameworks.
3. Coinbase Bitcoin Premium Under Pressure
The recent 60-day run of Bitcoin trading at a premium on Coinbase, a strong indicator of U.S. demand, appears to be softening. This potential cooling of buying pressure serves as a real-time sentiment gauge for institutional and high-net-worth appetite, signaling that a market shift may be underway.
Also Worth Noting:
Billionaire Ray Dalio's recommendation for a 15% portfolio allocation to Bitcoin or gold underscores growing concerns about fiat currency devaluation.
The strengthening 10-year correlation between Bitcoin and the Nasdaq further solidifies its ties to mainstream financial markets.
"I’m Ross Brand — tracking what matters in Bitcoin and helping you make sense of it."
Bitcoin Universe is for informational purposes only and does not constitute financial advice.
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