According to @ki_young_ju, Bitcoin’s 2018 and 2022 cycles saw whales selling with no fresh capital inflows, while 2025 shows whales selling alongside fresh capital inflows (source: Ki Young Ju on X, Nov 20, 2025). According to the source, this contrast identifies 2025 as a different liquidity setup than prior cycles because distribution by large holders is occurring while new money enters the market (source: Ki Young Ju on X, Nov 20, 2025). According to the source, traders should factor in that whale selling amid fresh inflows can shape BTC market structure differently from 2018 and 2022 when inflows were absent, which is relevant for positioning and risk framing (source: Ki Young Ju on X, Nov 20, 2025).

According to @glassnode, The Bitcoin Vector #24 provides a Bitcoin-only framework built with Willy Woo that integrates Swissblock’s methodology and on-chain analytics to evaluate sentiment, market structure, and liquidity for trading decisions, source: @glassnode. The report explicitly focuses on these three pillars to frame BTC regimes and market conditions without multi-asset noise, source: @glassnode.

According to @glassnode, Bitcoin Vector #23 is a Bitcoin-only report created with Willy Woo that combines Swissblock’s framework with Willy Woo’s on-chain analytics, focused on sentiment, market structure, and liquidity in BTC markets, source: @glassnode. The report provides a Bitcoin-only perspective emphasizing sentiment, structural context, and liquidity conditions as the primary lens of analysis, based on the publisher’s description, source: @glassnode.

According to glassnode, in collaboration with CME Group, their latest report provides a detailed analysis of Bitcoin market structure in H1 2025, focusing on capital flows, derivatives positioning, investor behavior, and ETF dynamics. The report highlights that capital flows into spot Bitcoin ETFs have increased institutional participation, while on-chain data indicates a shift in investor behavior towards longer holding periods. Derivatives markets, particularly CME Bitcoin futures, show a rising trend in open interest and a preference for hedging strategies among professional traders. The interplay between on-chain and off-chain activity suggests growing market maturity, which is crucial for traders seeking to anticipate price moves and volatility. These insights offer actionable information for cryptocurrency traders monitoring liquidity, ETF inflows, and derivatives market signals (Source: glassnode, CME Group, June 5, 2025).