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Crypto

Bitcoin Transitions to a 'Macro Asset', Major Holder Restructuring Underway - Binance Mid-2023 Report

2026/07/24 23:30(Updated 2026/07/25 05:01)

CoinPost

Written by N.Koda

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Bitcoin Transitions to a 'Macro Asset', Major Holder Restructuring 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 for the first half of 2026.

The crux of the report is that Bitcoin has moved away from the typical price movements inherent to the cryptocurrency market and has become a 'macro asset' influenced by the global financial environment. Additionally, behind the price decline, there were movements among ETFs, corporations, and miners aimed at long-term holdings...

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