ETFs of BTC and ETH "Sangram" with Outputs, while the "Smart Money" Focus on the Next Trillion Revolution: RWAS

[Igor Pereira]

The cryptocurrency market is in a state of deep contradiction. On the one hand, we hear optimistic narratives, with figures like Michael Saylor stating that "the background is close" and experts stating that "four-year cycles" are dead due to institutional adoption.

By Igor Pereira, Financial Market Analyst, Junior Member WallStreet NYSE

On the other side, we have the cold reality of capital flows: Farside data confirms that Capital outputs from Bitcoin ETFs (BTC) and Ethereum (ETH) in sight continue, with ETH ETFs suffering an acceleration in withdrawals.

In this analysis, we will dissect this divergence, separate the noise ed reality And identify where the real "smart money" is moving.

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1. The Warning Signal: The End of ETF Fuel

The main high engine for Bitcoin in 2024 and 2025 was the massive and continuous inflow to the ETFs in sight. This engine, however, is now failing.

• Continuous outputs: The continuation of ETF capital outputs, especially acceleration in ETH outputs, is a Clear short-term low (bearish) signal.

• Price Impact: Without the constant purchase support of ETFs, the price of BTC is vulnerable to deeper corrections. This validates the technical weakness we have observed, including the negative divergence from Gold, where the BTC/Gold ratio reached a minimum of one year.

My Analysis (Igor Pereira): The market is going through a shakeout. The speculative euphoria around the ETFs is shrinking, and the investors who entered the hype are now leaving. The claim that "four-year-old cycles are dead" may be true, but that does not mean immunity to painful corrections.

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2. The Next Trillion Revolution: Where Smart Money It's focused.

While the retail market focuses on BTC price speculation, developers and venture capital are focused on what the Bitwise call of "multi- trillion dollar sector" the future: a Real World Asset Tokenization (RWAs).

• Real Development Activity: A new report from Santiment identifies projects with the largest development activity in the RWA sector. The list is led by infrastructure giants:

  1. Chainlink (LINK)

  2. Hedera (HBAR)

  3. Avalanche (AVAX)

  4. Stellar (XLM)

  5. IOTA (IOTA)

My Analysis (Igor Pereira): This is the true story that the market is ignoring. The next phase of the crypt revolution is not about digital coins competing with each other; it is about place real-world assets (shares, securities, real estate, commodities) in blockchain.

High development activity in projects like Chainlink and Avalanche shows that infrastructure for this new financial system is being built Now.

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Conclusion of Igor Pereira: The Great Role Rotation for the Real

What we're witnessing is a capital rotation and focus:

1. The Paper. You're Suffering: The speculation in BTC ETFs (Papel-BTC) is decreasing, as well as euphoric retail in shares (as we saw in the Buffett Indicator).

2. The Real You're winning: The demand for Physical Gold (impulsed by China and central banks) and demand for Silver Physics (with Squeezes They're exploding.

3. The Digital Real is the Future: The "intelligent money" in crypt space is not focused on more ETF speculation, but on building the infrastructure for Tokenize Real Assets (RWAs).

The current weakness of the BTC, driven by ETF outputs, is a necessary shakeout. The long-term future will not be defined by today's BTC price, but by the usefulness and adoption of the RWAs tomorrow. This is the sector that ExpertFX School members should monitor closely.

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