Weakening Institutional Demand Tests Bitcoin's Price Stability
Bitcoin traded near $65,700 despite weakening institutional demand in key market segments. Spot Bitcoin ETFs posted negative $2.1 billion in 30-day outflows, signaling a slowdown in capital flows.
Treasury firms and strategy managers have seen their demand for BTC stay near zero, according to data from Checkonchain cited by on-chain analyst Darkfost.
Despite the decline in institutional demand, Bitcoin has maintained its price above $65,000, suggesting that recent price action remains stable during this latest pullback.