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

MeNews · 2026-04-07T10:35:33+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 10:35:33

Abstract generation in progress

ME News message, April 5 (UTC+8). CryptoQuant data shows that Bitcoin’s recent institutional buy orders are approaching historical highs. Over the past 30 days, ETF and Strategy combined have accumulated about 94k BTC, but the overall market net demand still stands at -63k BTC. Other participants have sold as much as 157k BTC. Mega whales have shifted from being the largest buyer to making aggressive selloffs, with holdings fluctuating by nearly 400k BTC over 18 months; the rate at which mid-tier holders are adding has slowed significantly. The BTC spot price trades at a 21% premium versus the realized price, which does not yet signal a true historical bottom; the premium is narrowing quickly. Market sentiment is mired in extreme fear, in contradiction with institutional capital inflows. This drawdown is about 47%; volatility is narrower than in historical cycles. The bottom relies entirely on ETF absorption, and overall demand remains persistently weak. (Source: PANews)

BTC-1,56%

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