CryptoQuant Analyst: Institutional Bitcoin Demand at Low Levels, Spot ETF Sees $2.1 Billion Net Outflow in 30 Days

Odaily Planet Daily reported that CryptoQuant analyst Darkfost stated that institutional demand for Bitcoin is at a low level, with spot Bitcoin ETFs seeing a net outflow of $2.1 billion over 30 days; Strategy’s demand for Bitcoin has been nearly zero for several consecutive weeks; overall demand from Bitcoin reserve companies has dropped from approximately $6.6 billion in August 2025, when Bitcoin was around $115,000, to nearly zero now, with Bitcoin at around $65,000. Darkfost pointed out that this trend reflects market pessimism, but periods of lowest institutional demand often present the best opportunities for positioning.