Bitcoin Nears End of the Rotation, Preparing for a Sustainable Bull Run

The Market appears to be at a pivotal juncture, with Bitcoin maintaining a price just above $105,000 amid historically low volatility levels not seen in nearly two years. The analysis from Swan suggests that the current phase signals a shift from retail-driven speculation to a long-term institutional hold, marking the final rotation of capital into Bitcoin. This transition entails a move away from short-term trading towards steady accumulation by entities with a multi-decade outlook, such as ETFs, corporations, and sovereign-grade balance sheets. The indicators point to an impending supply squeeze, as long-term holders realize profits and institutions absorb the circulating supply, decreasing available float and potentially setting the stage for significant upward price movement. The macroeconomic environment—characterized by a weakening dollar and rising bond yields—further supports the narrative that Bitcoin may soon enter a new phase of sustained growth, transforming from a speculative asset into a long-term store of value. Given these factors, current market tranquility may be the calm before a profound and lasting re-pricing, emphasizing the importance of recognizing this as a rare and potentially final opportunity for strategic accumulation.