🚨 Bitcoin Demand Is Drying Up From Two Major Sources
Bitcoin's recent drop below $60K wasn't caused by ETF outflows alone. Corporate Bitcoin treasury companies, which were aggressively accumulating BTC earlier this year, have also significantly reduced their buying activity.
📉 Key Highlights:
• Corporate $BTC purchases have fallen sharply since BTC dropped from the mid-$70K range.
• Daily accumulation that frequently exceeded $500M in April and May has nearly disappeared this month.
• U.S. Spot Bitcoin ETFs continue to see heavy outflows, with more than $5.7 billion leaving the funds since mid-May.
• Even Strategy's recent $100M BTC purchase failed to prevent the market from falling below $60K.
According to Glassnode, companies remain net buyers overall, but the slowdown signals increasing caution among large investors. With ETF outflows and weaker corporate demand, Bitcoin is currently facing a shortage of strong buying pressure.
At the time of writing, BTC is trading around $62.5K.
👀 Do you think Bitcoin has found a bottom, or is more downside ahead?
For trade click here 👇 👇
#Bitcoin #BTC #CryptoNews #BinanceSquare #CryptoMarket #ETF
Bitcoin's recent drop below $60K wasn't caused by ETF outflows alone. Corporate Bitcoin treasury companies, which were aggressively accumulating BTC earlier this year, have also significantly reduced their buying activity.
📉 Key Highlights:
• Corporate $BTC purchases have fallen sharply since BTC dropped from the mid-$70K range.
• Daily accumulation that frequently exceeded $500M in April and May has nearly disappeared this month.
• U.S. Spot Bitcoin ETFs continue to see heavy outflows, with more than $5.7 billion leaving the funds since mid-May.
• Even Strategy's recent $100M BTC purchase failed to prevent the market from falling below $60K.
According to Glassnode, companies remain net buyers overall, but the slowdown signals increasing caution among large investors. With ETF outflows and weaker corporate demand, Bitcoin is currently facing a shortage of strong buying pressure.
At the time of writing, BTC is trading around $62.5K.
👀 Do you think Bitcoin has found a bottom, or is more downside ahead?
For trade click here 👇 👇
#Bitcoin #BTC #CryptoNews #BinanceSquare #CryptoMarket #ETF