Bitcoin Demand Plummets, Institutions Hold Key
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoin demand is dwindling, with a monthly loss of approximately sixty-three thousand BTC, despite institutions like ETFs acquiring around ninety-four thousand BTC. Whales and miners are offloading a staggering one hundred fifty-seven thousand BTC, while mid-sized holders pace has plummeted by sixty percent since October. The Fear and Greed Index remains in extreme fear, yet ETFs attracted over one billion dollars in March. Bitcoins price is twenty-one percent above the realized price, indicating most holders are still profitable. The recent conflict in Iran has kept bitcoin confined between sixty-five thousand and seventy-three thousand. New ETFs and institutional buying could potentially alter the market dynamics.
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