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

MeNews · 2026-04-07T14:48:48+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 14:48:48

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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, ETFs 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 flipped from the largest buyer to aggressive selling; their 18-month holdings have fluctuated by nearly 400k BTC. The accumulation pace of mid-tier holders has slowed significantly. The BTC spot price is trading at a 21% premium to the realized price. This is not the historical “true bottom” signal, and the premium is rapidly narrowing. Market sentiment is mired in extreme fear, diverging from the inflow of institutional funds. This drawdown is about 47%, and volatility has narrowed compared with historical cycles. The bottom depends entirely on ETF buyback/absorption, while the demand side remains persistently weak. (Source: PANews)

BTC-1.85%

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