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

MeNews · 2026-04-08T10:41:03+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

2026-04-08 10:41:03

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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. In the past 30 days, combined ETF and Strategy inflows have accumulated about 94k BTC, but overall market net demand is still -63k BTC. Other participants have sold as much as 157k BTC. Whale activity has shifted from the largest buyer to intense selling; 18-month holdings have fluctuated by nearly 400k BTC, while the rate of accumulation by intermediate holders has slowed significantly. The BTC spot price trades at a 21% premium to the realized price. It has not yet reached the signal for a true historical bottom, and the premium is rapidly narrowing. Market sentiment is mired in extreme fear, diverging from institutional capital inflows. This pullback is about 47%. Volatility has narrowed compared with historical cycles. The bottom depends entirely on ETF absorption, and overall demand-side conditions remain persistently weak. (Source: PANews)

BTC4.72%

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