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

MeNews · 2026-04-09T00:10:33+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

2026-04-09 00:10:33

Abstract generation in progress

ME News message, 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 net demand from the market is still -63k BTC. Other participants have sold off as much as 157k BTC. Whale activity has shifted from the largest buyer to aggressive selling, with holdings fluctuation of nearly 400k BTC over 18 months; the accumulation pace of mid-term holders has slowed significantly. The BTC spot price is trading at a 21% premium to its realized price, which has not yet reached the historical “true bottom” signal, and the premium is rapidly narrowing. Market sentiment is mired in extreme fear, in contrast to institutional capital inflows. This drawdown is about 47%, and volatility has narrowed compared with historical cycles. The bottom depends entirely on ETF buy-side absorption, and the demand side remains overall weak and continues to deteriorate. (Source: PANews)

BTC0,46%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes