The S&P Crypto Index Left Out Bitcoin, and That's the Story I had to read the list twice. S&P and Pantera launched a Digital Asset Index, and the confirmed names are Ethereum, BNB, Solana, Hyperliquid, and Tron. No Bitcoin. No XRP. The two biggest names in crypto, benched. Of course the timeline lost its mind. Here's what's actually going on. This isn't a "biggest coins" index, it's a fundamentals index. The tokens in it generated around $3 billion in annualized revenue over six months, in a bear market. It rewards networks that earn, not networks that are just famous. Why does that matter? Because it hints at how the next wave of institutional money might sort crypto. Not "buy the market," but "buy the chains that actually produce revenue." That's a very different lens than the one we've traded under for years. Personally, this fits everything I've argued this week. Usage over price on Solana, distribution over hype in stablecoins, revenue over narrative on Hyperliquid. Somebody at S&P thinks the same way. Still, leaving out $BTC is a bold statement, not a verdict. Bitcoin doesn't need an index to matter. But the message is clear. Fundamentals just got a scoreboard. 👀 #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#