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Institutional support for Bitcoin has buckled, with exchange-traded funds and corporate treasury holders collectively offloading close to 2,000 BTC per day — a pace equivalent to 450% of the asset's daily new supply.
The combination of that persistent outflow and a marked slowdown in Strategy's buying programme has made a slide toward $30,000 a credible near-term scenario.
A Supply-Demand Gap That Retail Cannot Close The 450% ratio is the critical signal. Institutional sellers are currently moving more than four times the volume that newly mined Bitcoin adds to circulation each day.
At close to 2,000 BTC in daily net outflows from ETFs and corporate holders, the gap between what is being sold and what the market naturally absorbs is substantial.
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