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Bitcoin Transitions to a 'Macro Asset', Major Realignments Among Holders Underway - Binance Mid-2023 Report

2026/07/24 15:38 (Updated 2026/07/24 18:01)
CoinPost
Written by N.Koda
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Bitcoin Transitions to a 'Macro Asset', Major Realignments Among Holders Underway - Binance Mid-2023 Report

Factors Behind the Price Decline

Factors Behind the Price Decline

Binance Research, the research division of cryptocurrency exchange Binance, published a report on the 23rd titled 'First Half of 2026: Macroeconomics and Bitcoin', analyzing the Bitcoin market during the period.

The core of the report highlights that Bitcoin has moved away from the typical price movements of the cryptocurrency market and has transitioned into a 'macro asset' influenced by the global financial environment. Additionally, behind the scenes of the price decline, there were movements among ETFs, corporations, and miners aiming for long-term holdings...

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MAGAZINE
Iolite Vol.21

Iolite Vol.21

September 2026 issueReleased on 2026/07/30

Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more

MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30
Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more