Key takeaways:
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Constancy’s Jurrien Timmer believes Bitcoin continues to be mid-cycle in its adoption curve.
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125 public corporations now maintain BTC, with digital asset merchandise witnessing $3.7 billion in weekly inflows final week.
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First-time BTC patrons accrued over 140,000 BTC in simply two weeks, signaling renewed FOMO.
Bitcoin (BTC) could also be buying and selling close to highs round $120,000, however based on the Director of International Macro at Constancy, Jurrien Timmer, it’s nonetheless early within the broader adoption cycle. Drawing parallels with the web growth, Timmer emphasised that Bitcoin’s progress trajectory intently resembles the web’s adoption curve from previous many years. Timmer mentioned,
“Bitcoin continues to comply with each the Energy Regulation curve of its wallets in addition to my demand mannequin primarily based on the web adoption curve. We’re proper within the center.”
The evaluation means that the present value motion, marked by regular stair-step patterns of recent highs adopted by consolidation phases, nonetheless displays a maturing, not saturated, asset class. The chart reveals that the far excessive finish of the BTC mannequin (pockets energy curve) lies within the area of $200,000-$300,000.
This attitude good points extra weight amid the present wave of company Bitcoin adoption. Information from Bitwise means that 46 public corporations added BTC to their steadiness sheets, bringing the overall to 125 in Q2. These corporations collectively maintain 847,000 BTC, valued at roughly $91 billion.
Fueling this momentum, crypto digital asset funding merchandise just lately recorded their second-largest weekly influx, a staggering $3.7 billion. This pushed complete property below administration (AUM) throughout crypto merchandise to an all-time excessive of $211 billion, with Bitcoin-backed merchandise accounting for $179.5 billion, i.e., 85%.
📊MARKET UPDATE: #Crypto digital asset funding merchandise recorded their second-largest weekly influx ever—an enormous $3.7B, pushing AUM to an all-time excessive of $211B. 📈 pic.twitter.com/cMHBVsD3Tc
— Cointelegraph Markets & Analysis (@CointelegraphMT) July 15, 2025
Commenting on this inflow, Timmer famous that it stays unclear whether or not this capital comes from long-term believers or short-term speculators. “Whether or not these flows are from true believers or ‘momentum renters’ is difficult to inform,” famous the Constancy Analyst.
Associated: Michael Saylor’s Technique hits file market cap amid Bitcoin surge
Volcon joins the Bitcoin treasury motion
Electrical powersports firm Volcon has turn out to be the most recent public agency to undertake a Bitcoin treasury technique. On July 17, the corporate introduced a $500 million personal placement, with 95% of proceeds earmarked to accumulate Bitcoin. Backed by Empery Asset Administration and Gemini, Volcon plans to function a low-cost, capital-efficient BTC technique because it transitions its EV enterprise into an asset-light mannequin.
Past company treasuries, Bitcoin’s surge to new all-time highs above $123,000 has additionally attracted recent buyers. Reported by Cointelegraph, first-time BTC patrons accrued over 140,000 BTC in simply the previous two weeks, boosting their complete holdings by 2.86%, from 4.77 million to 4.91 million BTC.
The info indicators a return of “FOMO” pushed conduct, as new and seasoned contributors aggressively purchase into the rally, additional supporting Bitcoin’s newest breakout with robust natural demand.
Associated: Bitcoin resistance at $120K regular on account of ‘frothy’ open curiosity close to all-time highs
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a choice.
