New Era in the Bitcoin Market: Investor Interest is Increasing

The new model observed in the Bitcoin (BTC) market indicates that investor interest remains quite strong. Recent developments, particularly following the approval of spot ETFs, have revealed significant changes in Bitcoin’s market dynamics.

Data shared by CryptoQuant analysts show that investor interest has not diminished; rather, it has continued to strengthen. The seemingly calm market ratios actually conceal a high level of interest in the background.

Prior to the ETF approvals, market analysts typically focused on ratio-based metrics (such as MVRV or market value ratios). However, it has been noted that indicators such as trading volumes and fund inflows have now become much more decisive for the market. This situation signifies a fundamental shift in Bitcoin, affecting not only its price chart but also investor behavior.

According to the CryptoQuant analyst, while the market appears overheated when looking at the ratios, this does not mean that investor interest is low. Both institutional and individual investors have significantly increased their interest in Bitcoin following the ETF approvals. This development signifies that there is still a strong demand foundation for Bitcoin.

The changes occurring in the current cycle have evolved into a structure different from previous bull markets. It appears that interest in the market has not cooled; it has simply been redirected to different indicators. In this context, it is crucial for investors to carefully monitor Bitcoin's market movements, as this will greatly impact their strategic decision-making.