#深度创作营 Bitcoin After the ETF Era: A Technical and Structural Shift in the Crypto Market
A Structural Break in Bitcoin’s Market Cycle
The approval and expansion of Bitcoin ETFs did not just mark a symbolic milestone; it created a structural break in Bitcoin’s long-term market behavior. From a technical perspective, this moment shifted Bitcoin from a purely sentiment-driven asset into one increasingly influenced by institutional order flow, capital rotation, and macroeconomic indicators. Price discovery is no longer dominated only by spot exchanges and retail demand it now reflects structured i