The Week On-Chain - Week 05, 2025

The regulatory environment surrounding Bitcoin is constantly changing, and new financial instruments such as derivatives and ETF products continue to develop. In this article, we analyze how the composition of digital asset investors is changing around it.

Executive Summary

🔸Bitcoin has evolved into a global asset with extremely deep liquidity, available 24/7, allowing investors to express their macroeconomic views even when traditional markets are closed.

🔸Bitcoin continues to prove itself as both a store of value asset, accruing over $850B in net capital inflows, and a medium of exchange asset, processing nearly $9B in economic volume per day.

🔸Multipple metrics show new demand remains elevated but is well below previous cycle peaks.

🔸Institutional investors are growing, reducing drawdown severity and compressing volatility over time.

🔗Read the full report.
💡View all charts in this edition in The Week On-chain Dashboard.