
Bitcoin Isn’t Weak: The Market Structure Has Changed w/ Matt Crosby
In this episode of the Milk Road Show, onchain analyst Matt Crosby breaks down why Bitcoin’s price action in 2025 confused almost everyone, and why that confusion is the point. ETFs, long-term holder selling, institutional demand, and shifting macro forces have quietly rewired how Bitcoin moves, flattening volatility while changing what bull and bear markets even look like.
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📊 Discover crypto’s onchain S&P 500, check out Reserve’s DTFs.
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The skinny
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