Bitfinex report: Institutional buyers have not offset selling pressure, crypto markets are waiting for a trend reversal
Odaily News Bitfinex released its latest analysis report, which pointed out that Bitcoin fell to a low of $77,041 last week, a retracement of 29.7%, the second deep correction in this bull market. At the same time, the continued outflow of US spot Bitcoin ETFs (a total of $921.4 million last week) indicates that institutional buyers have not yet had enough strength to offset the selling pressure.
Historically, when new capital inflows slow and the cost basis trends change, it’s a sign of a weakening demand environment. This trend has become increasingly evident as Bitcoin struggles to stay above key levels. Without new buyers stepping in, Bitcoin could be at risk for a prolonged period of consolidation, or even further downside as weaker buyers continue to exit their positions. The key factor to watch is whether long-term holders or institutional demand will re-emerge at these lower levels. If deeper-pocketed investors begin to absorb supply, this could signal a shift toward accumulation, potentially stabilizing price action and reversing sentiment.
