Analysis: Weak demand for Bitcoin, short-term rebound depends on ETF support

MeNews · 2026-04-04T20:23:51+00:00

Recently, institutional Bitcoin buying has approached a historical high, with ETFs and Strategy collectively accumulating 94k coins, but the market net demand is -63k coins, and other participants have sold 157k coins. Market sentiment is extremely panicked, demand is weak, and the bottom relies on ETFs to absorb the supply.

MeNews

2026-04-04 20:23:51

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ME News update: On April 5 (UTC+8), CryptoQuant data shows that recent institutional buy pressure for Bitcoin is nearing historical highs. Over the past 30 days, ETF and Strategy combined have accumulated about 94k BTC, but overall market net demand remains at -63k BTC. Selling by other participants reaches as much as 157k BTC. The whale has shifted from the largest buyer to intense selling, with 18-month holdings fluctuating by nearly 400k BTC; the accumulation pace of mid-term holders has slowed sharply. The BTC spot price is at a 21% premium to the realized price; it has not yet reached the true historical bottom signal, and the premium is narrowing quickly. Market sentiment is mired in extreme fear and diverges from the inflow of institutional capital. This drawdown is about 47%, volatility is tighter than in historical cycles, and the bottom depends entirely on ETF absorption, with overall demand staying weak. (Source: PANews)

BTC-0.35%

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