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How Smart Money Is Quietly Capping Bitcoin’s Upside – And What Traders Must Do

Actionable Market Insights

Author

10x Research
June 26, 2025

Why this report matters

Bitcoin is up, but not by much, and the reasons why may surprise you. Despite billions in inflows and favorable policy shifts, the market remains range-bound, with volatility fading and upside capped. Underneath the surface, a quiet power struggle is unfolding. A new model we've built tracks this capital flow in real time, and it's offering some striking signals. Is Bitcoin still capable of delivering outsized returns, or has the game changed for good? The full report reveals the forces driving this market and outlines the steps traders must take to stay ahead.

Main argument

This report delivers a clear and in-depth analysis of why Bitcoin’s performance in 2025 has fallen short of expectations and what would be required to alter that path. It stands out as one of our most important publications this year, offering key insights into the shifting Bitcoin ownership structure and the scale of capital needed to drive meaningful price appreciation. We also present actionable strategies for traders navigating this evolving landscape, including a tactical flow-based model that has shown strong effectiveness.

Annual Inflows into Bitcoin ($ billions) and 2025 year-end projection

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