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

MeNews · 2026-04-08T17:12:48+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

2026-04-08 17:12:48

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ME News update, 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 the market’s net demand still stands at -63k BTC, with other participants selling as much as 157k BTC. Whale investors have shifted from the largest buyers to intense selling, with 18-month holdings fluctuating by nearly 400k BTC; the accumulation pace of intermediate holders has slowed sharply. The BTC spot price is trading at a 21% premium to the realized price. It has not yet given the signal of the true historical bottom, and the premium is rapidly narrowing. Market sentiment is mired in extreme fear, diverging from institutional capital inflows. This drawdown is about 47%, and volatility is narrower than in previous historical cycles. The bottom relies entirely on ETF absorption, while demand-side conditions remain persistently weak. (Source: PANews)

BTC2.93%

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