Report: BTC institutional buyers have not yet returned strongly, the market is still in a period of consolidation and waiting.

On March 17, CEX released a new report stating that BTC has been falling since hitting a historical high of $109,590 on January 20, falling to a low of $77,041 last week, with a pullback of 29.7%, marking the second deepest correction in this Bull Market cycle. Although historically Bull Markets usually see a 30% pullback before resuming the rise trend, this cycle has seen shallower falls due to institutional adoption and ETF-driven demand. Short-term holders continue to face unrealized losses, intensifying selling pressure. These investors, especially those who purchased in the past 7 to 30 days, are often the most susceptible to capitulation. Historically, when fresh capital inflows slow and cost basis trends change, it indicates weakening demand conditions. With BTC struggling to hold key levels, this trend is becoming more apparent. Without new buyers stepping in, BTC may face a longer period of consolidation, or even further falls as weak holders continue to exit. A key factor to follow is whether long-term holders or institutional demand will reappear at these lower levels. If well-funded investors start absorbing supply, it may signal a shift in the market towards an accumulation phase, stabilizing price action and reversing market sentiment.