WHY BITCOIN IS DROPPING EVEN AS INSTITUTIONS KEEP BUYING

U.S. institutions are still net buyers -- the Coinbase Premium stays positive.

So why is BTC under pressure? Because the selling isn’t coming from the U.S.

👀 Asia-based exchanges (Binance, OKX, Bybit) have seen persistent spot selling

👀 Miner reserves are falling — forced selling, not choice

👀 Hashrate dropped ~8%, signaling miner stress

👀 Long-term Asian holders appear to be distributing

This is supply from constrained sellers meeting demand from institutions. That’s redistribution, but not a collapse.

Price stays heavy until forced supply is cleared. 🔥

📸 XWIN Research Japan