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

MeNews · 2026-04-08T04:17:48+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 04:17:48

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ME News message, on April 5 (UTC+8), CryptoQuant data shows that recent institutional buying of Bitcoin is approaching the historical high. Over the past 30 days, ETFs and Strategy combined have accumulated about 94k BTC, but the overall market still has net demand of -63k BTC. Other participants have sold as much as 157k BTC. Whales have shifted from being the largest buyers to intense selling, with 18-month holdings fluctuating by nearly 400k BTC; the accumulation pace of mid-tier holders has slowed sharply. The BTC spot premium versus the realized price is 21%, not yet reaching the signal of the true historical bottom, and the premium is quickly narrowing. Market sentiment is mired in extreme fear, which is at odds with the inflow of institutional funds. This pullback is about 47%, and volatility has narrowed compared with historical cycles. The bottom depends entirely on ETF absorption, and overall demand remains persistently weak. (Source: PANews)

BTC4.5%

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