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

MeNews · 2026-04-07T22:29:33+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

2026-04-07 22:29:33

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ME News update, on April 5 (UTC+8), CryptoQuant data shows that recent institutional buy orders for Bitcoin are approaching historical highs. Over the past 30 days, ETF and Strategy combined have accumulated about 94k BTC, but overall market net demand is still -63k BTC. Other participants have sold as much as 157k BTC. Large whales have shifted from the largest buyers to aggressive selling, with 18-month holdings fluctuating by nearly 400k BTC; the rate of accumulation by mid-term holders has slowed significantly. The BTC spot price is trading at a 21% premium to the realized price, which does not yet signal the true historical bottom, and the premium is rapidly narrowing. Market sentiment is mired in extreme fear, contrasting with institutional capital inflows. This pullback is about 47%; volatility has narrowed compared with historical cycles. The bottom depends entirely on ETF absorption, and demand-side conditions remain consistently weak. (Source: PANews)

BTC4.28%

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