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![MilkRoadDaily Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1476696261222936577.png) Milk Road [@MilkRoadDaily](/creator/twitter/MilkRoadDaily) on x 85.4K followers
Created: 2025-07-18 21:39:24 UTC

“The market caught up faster than we expected.”
– @Dav1dDuong, Head of Research @coinbase

We sat down with David to break down what’s really driving the market right now and why this cycle looks nothing like the last ones.

Until now, each cycle followed a similar path for $BTC.

But in Q1, it broke pattern and hit new highs earlier than expected.

ETFs, corporate treasuries, and real capital flows are now driving this.

Which is pushing Bitcoin into uncharted territory.

![](https://pbs.twimg.com/amplify_video_thumb/1946323856584777730/img/ZOUU6giYLxlT_Qr_.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946323945738911785/c:line.svg)

**Related Topics**
[$btc](/topic/$btc)
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[coinbase](/topic/coinbase)
[stocks financial services](/topic/stocks-financial-services)
[stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)

[Post Link](https://x.com/MilkRoadDaily/status/1946323945738911785)