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

MeNews · 2026-04-07T07:10:03+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 07:10:03

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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 overall market net demand remains at -63k BTC; selling by other participants has reached as much as 157k BTC. Whale activity has shifted from the largest buyer to aggressive selling, with 18-month holdings fluctuating by nearly 400k BTC; the rate of accumulation by intermediate holders has slowed sharply. The BTC spot price is trading at a 21% premium to the realized price. It has not yet produced the historical true bottom signal, and the premium is narrowing rapidly. Market sentiment is mired in extreme fear, diverging from the inflow of institutional funds. This pullback is about 47%, and volatility has narrowed compared with prior historical cycles. The bottom relies entirely on ETF absorption, and overall demand remains persistently weak. (Source: PANews)

BTC-1.19%

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