According to @Hasu on Twitter, recent data shows that Bitcoin transaction flows closely correlate with the implementation of capital controls, while stablecoins and Ethereum show minimal or no significant change in response to these restrictions (source: @Hasu, Twitter, 2024-06). For traders, this suggests that Bitcoin remains the primary vehicle for circumventing capital barriers, making its flow patterns a critical signal for monitoring regulatory shifts in global markets. The lack of similar response from stablecoins and ETH indicates differentiated use cases and risk profiles. This insight can inform trading strategies targeting market volatility in regions with active or potential capital controls, as Bitcoin is likely to exhibit increased demand and price movement during such periods.

According to The Kobeissi Letter, the S&P 500 ETF (VOO) recorded $20.9 billion in net inflows last month, setting a 15-year record and more than tripling the $6.4 billion of March. Bloomberg notes this ranks as the fifth largest monthly inflow for any fund in history. For crypto traders, this unprecedented move of capital into equities highlights shifting institutional risk appetite and could dampen short-term flows into digital assets, especially Bitcoin and Ethereum, as investors prioritize traditional markets. However, sustained equity inflows may eventually rotate profits back into crypto, increasing volatility and trading opportunities. (Source: The Kobeissi Letter via Twitter, Bloomberg)