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Institutional Liquidity Dominates Bitcoin Order Books Post-ETF Approval

 ·  1 min read

Institutional participation now accounts for more than 70% of spot Bitcoin trading volume following the approval of exchange-traded funds. The influx of institutional capital has altered the asset’s intraday volatility profile.

Market Microstructure Evolution
Order book depth during US market hours has expanded by 35%, while off-peak weekend trading volumes have fallen to multi-year lows, reflecting a structural shift toward institutional operating schedules.