Bloomberg: Bitcoin buying pressure fails to offset the wave of whale sell-offs

SmartContractAuditor · 2026-04-02T00:10:21+00:00

Although institutional buying has increased, Bitcoin demand remains under pressure, with apparent demand at -63,000 coins. Retail selling has exceeded institutional net purchases, leading to ongoing market distribution. Whales began large-scale selling from mid-2025, accelerating into Q4. Bitcoin price has dropped about 45% from its high, but a short-term rebound may occur due to easing geopolitical tensions.

SmartContractAuditor

2026-04-02 00:10:21

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Odaily Planet Daily reports that although institutional buy-side demand has increased somewhat, Bitcoin demand remains under pressure. As of the end of last month, apparent demand (measuring the extent to which demand is above or below newly mined Bitcoin) is approximately -63,000 coins. Despite stronger ETF inflows over the same period, Strategy Inc. has continued to accumulate.

The report notes that retail investors and other market participants have sold more than institutions have added net purchases. Since late November 2025, demand has continued to contract, and the broader market remains in a distribution phase. The whale group that accumulated around 200,000 Bitcoins during the 2024 bull market began distributing at scale starting in mid-2025, with the pace of selling accelerating in the fourth quarter of 2025. The buying pace of mid-sized investors has also slowed down.

Bitcoin rose 2.2% in March, ending five consecutive months of declines, but its current price is about $68,000, down roughly 45% from the early-October peak of $126,000. In the U.S. market, the Coinbase premium has turned negative again, indicating that U.S. investors’ buy-side demand has weakened. CryptoQuant says that if geopolitical tensions ease, Bitcoin’s price may rebound in the short term.

BTC-2.46%

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