Whale Sell-Off Overwhelms Institutional Buying, Bitcoin Demand Remains Under Pressure

AirdropBlackHole · 2026-04-02T01:47:30+00:00

Bloomberg reports that Bitcoin demand is under pressure, with large holders dominating sell-offs. Despite ETF inflows, overall demand has contracted since November 2025, indicating a distribution phase as whale sell-offs accelerate.

AirdropBlackHole

2026-04-02 01:47:30

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On April 2, Bloomberg reported that according to the crypto data platform CryptoQuant, despite a recovery in ETF inflows and continuous accumulation by strategies, overall demand for Bitcoin remains under pressure. Data shows that as of the end of March, Bitcoin’s ‘apparent demand’ (demand relative to new supply) was negative by approximately 63,000 coins, indicating that sell-offs by large holders are dominating the market. The report noted that retail and other market participants’ sell-offs have exceeded institutional incremental buying, with demand continuously contracting since late November 2025, and the market is still in a distribution phase. The whale group, which accumulated about 200,000 Bitcoins during the 2024 bull market, began large-scale distribution in mid-2025, with the pace of sell-off accelerating in the fourth quarter of 2025. The buying speed of medium-sized investors is also slowing down.

BTC-3.63%

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