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Bitcoin price, onchain flows and global macro: Here’s what changed in 2025

Bitcoin’s technical and onchain market structure was robust throughout 2025, but ever-shifting macroeconomic conditions eventually put a cap on BTC price. Will the trend shift in 2026?

Bitcoin price, onchain flows and global macro: Here’s what changed in 2025

Bitcoin’s technical and onchain market structure was robust throughout 2025, but ever-shifting macroeconomic conditions eventually put a cap on BTC price. Will the trend shift in 2026?

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