The Fed feigns hesitation, but its printer is spewing billions. Meanwhile, Bitcoin is climbing without looking back, immune to Powell's words and Treasury debts.
Financial markets sometimes hold paradoxes. While Bitcoin is experiencing a new surge, surpassing the symbolic threshold of 100,000 dollars, one surprising element stands out: the absence of individual investors. After the Federal Open Market Committee (FOMC) meeting, the Bitcoin futures market witnessed a rapid rise, with an increase of 1.2 billion dollars in just 24 hours. However, instead of widespread enthusiasm, the data reveals a significant retreat of small investors, whose activity has dropped by 50% since November 2024. This phenomenon highlights a profound transformation in the market, where financial institutions are taking over from individuals. Should we see this as a mere cyclical adjustment or a lasting change in the evolution of Bitcoin?