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

MeNews · 2026-04-07T16:27:48+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 16:27:48

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ME News message, April 5 (UTC+8). CryptoQuant data shows that recent institutional buying in Bitcoin is approaching historical highs. Over the past 30 days, a combined total of ETF and Strategy has accumulated about 94k BTC, but overall market net demand remains at -63k BTC. Other participants have sold as much as 157k BTC. Whale activity has shifted from the largest buyer to intense selling, with 18-month holdings fluctuating by nearly 400k BTC; the rate at which intermediate holders add has slowed sharply. The BTC spot price is trading at a 21% premium to the realized price, has not yet provided the signal of the true historical bottom, and the premium is narrowing rapidly. Market sentiment is sunk in extreme fear, diverging from the inflow of institutional funds. This pullback is about 47%, volatility is tighter than in past cycles, and the bottom depends entirely on ETF absorption, with ongoing weakness on the demand side overall. (Source: PANews)

BTC-1.85%

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