#BTC Market Analysis: Corporate Buy Orders + ETF Funds + Stablecoin Reflows, Building New Structural Demand and a Trading Range

According to analyst Markus Thielen’s latest analysis, the demand structure for Bitcoin is gradually being repaired, and the market may be building a new trading range.

Specifically, first is the sustained buying by listed companies such as Strategy, which provides stable buy-side support for the market and clearly indicates that allocative (configuration) capital is entering.

On-chain data shows that Coinbase Premium continues to rise; in addition, Bitcoin spot ETF net inflows in a single day once reached approximately $664 million, the highest level since mid-January. These signals indicate that Bitcoin’s demand structure is improving.

Meanwhile, in terms of demand composition, corporate treasury buy orders, inflows of ETF capital, and U.S. spot demand are combining their effects, making support at price lows increasingly solid, while market participation is also recovering—this differs markedly from the market environment during the earlier correction phase.

At the same time, stablecoin funds are also continuously flowing back, and liquidity support is gradually strengthening. These two clues corroborate each other and jointly point to the market gradually constructing a new trading range.

Although this does not mean the price action will show a linear upward trend, if the above trends can be sustained, the probability of a breakout above the current price range will significantly increase.

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