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Jeff Diament, the fund manager of Saphira Group, wants you to zoom out and stop sweating the short -term chart.
His thesis: Data point suggesting institutional bitcoin
Buying steam is losing Miss the big picture.
In a note shared with coindesk, the dyment argues that the possibility of disappearing institutional demand for bitcoins lies in the narrow snapshot of the market.
Yes, ETF and corporate purchases have recently cooled down – Michael Sayler’s strategy bought only 16,000 BTC last month, faster than 171,000 BTC hall of December. But this, the direction emphasizes, is not a sign of decline. It is a naturally that he calls the “cyclical wave” of adoption.
“Institutional flow often comes in waves rather than a stable linear growth,” the diament wrote. “Spot market has short-term demand fluctuations, which are in fact, an increasing tide of institutional engagement.”
In addition to 51 new corporate BTC Treasury in the first half of 2025, in addition to the total, from 2018 to 2022, and 375% of the year-by-year growth in purchasing corporate BTC.
Public companies now hold 848,902 BTC, or about 4% of the total supply, with Q2 2025 alone 131,000 BTCs have been added to their balance sheet.
He also highlights the explosive increase of bitcoin ETF as further evidence to deepen institutional participation. Blackrock’s Ibit Fund, which is now the largest in the world, holds more than 3.3% of the total supply of 699,000 BTC, after becoming the fastest growing ETF in history.
US Spot ETF has collectively occupied 1.25 million BTCOr about 6%of the total supply, in just 18 months of their launch, he indicates in the note.
The thesis option of dign is echoing in the market.
In the recent note of QCP Capital, Singapore -based fund indicated the whale that continues to be constructed of the exposure of the upside risk, while snacking and $ 115k/$ 140k calls to the September $ 130K BTC call.
The QCP wrote in Monday’s note, “Vols is pinned near historical ups and a decisive violation of $ 110K resistance can bid a renewed instability.”
Therefore, while the bears can indicate the flow of the stable space and almost empty lamepools as signs of fatigue, the diament argues that they are just surface-level waves.
Below, the tide is growing, and the wall street, on the trillions of its trillions regulated, is hungry for crypto. It is not going to come at just once.
Btq pushes quantum-safe framework for stablecoins
BTQ Technologies have introduced quantum stablecoin settlement network (Qssn)A structure designed to help banks, payment firms, and digital asset platforms to release future proof stabelcoins against threats from quantum computing.
One in Press releaseBTQ widee how the system could support the quantum-mature versions of the popular Stabecoin model, including JP Morgan’s proposed USD deposit tokens. (Jpmd)Upgrading privileged works like mint and burning with dual cryptographic signature (ECDSA and Falcon -512)Protecting compatibility with existing token standards, workflows and wallets.
The launch comes when the Stabecrim market exceeds $ 225 billion and MPs pushed to regulate cyber security with an eye.
The Genius Act, which is currently moving forward in the US Congress, will formally form federal standards for fiat-supported stabecoin and encourage quantum-saffron architecture.
The BTQ, which has worked with the nist for more than a decade, is to shape those standards and status QSSN as a significant infrastructure.
Market movement
BTC: The major support was tested between $ 107,519.64 from Bitcoin from 6 July to 21:00 to 21:00 to 21:00 to 21:00 to 21:00 to 21:00, before a V-shaped recovery from $ 107,800 was staged as on-chain data on $ 106,738 and $ 98,566 as per $ 106,738 and $ 98,566 as per 1.68 million addresses showed strong support clusters.
Eth: ETH increased by 1.67% between unstable trading, as the support of the firm held between $ 2,529 and $ 2,604, as the support of the firm held $ 2,530, the institutional flow is at $ 1.1 billion, and the increase in the top volume and subsequently has been marked.
Sleep: Gold was immersed on a strong dollar, but the tariff-powered safe-heaven was overturned on demand, with a rally forecast to $ 4,000 with a central bank procurement and de-deletion.
S&P 500: The stock collapsed on Monday as Trump announced a new tariff on imports of seven countries, which sent S&P 500 below 0.79% to 6,229.98.
Nikkei 225: The Asia-Pacific market mostly despite announcing the US tariff on 14 trading partners, Nikkei of Japan increased from 225 to 0.36%, as duties up to 40% for countries including South Korea, Indonesia and Thailand were outlined.
Somewhere else in crypto
- Trump is building banks on Crypto: Is voters care for? (Dikrypt)
- Vitallic Butterin Ehsan ‘Copelet’ (Vitallic butterin)
- Upcoming crypto tax bomb (Coindesk)
