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 firms now maintain BTC, with digital asset merchandise witnessing $3.7 billion in weekly inflows final week.
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First-time BTC patrons gathered 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 in line with the Director of World 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 development trajectory carefully resembles the web’s adoption curve from previous a long time. Timmer mentioned,
“Bitcoin continues to observe 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 worth motion, marked by regular stair-step patterns of latest highs adopted by consolidation phases, nonetheless displays a maturing, not saturated, asset class. The chart exhibits 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 firms added BTC to their stability sheets, bringing the whole to 125 in Q2. These companies 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 belongings underneath 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 report market cap amid Bitcoin surge
Volcon joins the Bitcoin treasury motion
Electrical powersports firm Volcon has turn out to be the newest public agency to undertake a Bitcoin treasury technique. On July 17, the corporate introduced a $500 million non-public 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 gathered 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 alerts a return of “FOMO” pushed conduct, as new and seasoned individuals aggressively purchase into the rally, additional supporting Bitcoin’s newest breakout with robust natural demand.
Associated: Bitcoin resistance at $120K regular resulting from ‘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 call.
