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

MeNews · 2026-04-08T10:09:03+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 10:09:03

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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 coins, but the market’s overall net demand is still -63k coins, while other participants have sold as much as 157k coins. Whale activity has shifted from being the largest buyer to aggressive selling, with holdings fluctuating by nearly 400k coins over 18 months; the accumulation pace of mid-term holders has slowed significantly. The BTC spot price trades at a 21% premium to the realized price, which does not meet the signal of a true historical bottom, and the premium is rapidly narrowing. Market sentiment is mired in extreme fear, which is at odds with institutional capital inflows. This drawdown is about 47%; volatility has narrowed compared with historical cycles. The bottom depends entirely on ETF absorption, and demand-side weakness is continuing overall. (Source: PANews)

BTC4,57%

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