Bitcoin Velocity Fall Comot 10-Year Low As ETF Adoption Dey Rise
Bitcoin velocity don fall reach im lowest level for ten years. Pass 70% of BTC never move for over one year. This drop mean say dem dey shift from transactional use to store-of-value behavior. Since early 2024, institutional adoption don make spot Bitcoin ETFs hold 1.298 million BTC (6.2% of supply). Total institutional reserves, including corporate treasuries and funds, almost reach 2.55 million BTC (12.8%). Off-chain layers show say economic activity still dey happen. Lightning Network public capacity don pass 5,000 BTC, up nearly 400% since 2020. Wrapped Bitcoin (WBTC) supply for Ethereum grow 34% in first half of 2025. Lower Bitcoin velocity dey increase scarcity but e reduce on-chain transactions and miner fee income after 2024 halving. Traders suppose dey watch Bitcoin velocity, ETF inflows, Lightning adoption, and miner fees. If velocity bounce back fit mean say transaction demand don increase again, but if e still low, e mean Bitcoin don settle as macro collateral.
Bullish
Strong ETF flow dem and di way wey people dey hold Bitcoin like say na gold show say prices go up. For short term, as big companies dey buy Bitcoin through spot ETFs, e mean supply don lock, so prices dey climb. Bitcoin no dey move quick, na wetin make e scarce, and e dey support price well well. For long term, after halving, miner fee kin decrease, dis fit make people worry about how secure di network be, and e fit cause prices to shake. Overall, ETF demand plus scarcity na wetin go make BTC price rise.