Bitcoin price action is no longer determined by exchanges, forcing traders to watch this one institutional metric

Bitcoin’s market structure has entered a new phase as US spot exchange-traded funds now account for more than 5% of cumulative net inflows into the asset. According to Glassnode, the 12 funds have allowed institutions to become a marginal source of demand for the world’s largest digital asset. source: https://cryptoslate.com/bitcoin-etf-market-structure-shift-institutional-flows/