Bitfinex: Institutional buyers have not yet offset selling pressure, and the crypto market is waiting for a trend reversal

ChainCatcher news, Bitfinex has released the latest analysis report, which points out that Bitcoin fell to a low of $77,041 last week, a pullback of 29.7%, marking the second deep correction in this bull market. Meanwhile, the continued outflow of U.S. Bitcoin spot ETFs (totaling $921.4 million last week) indicates that institutional buyers do not yet have enough strength to offset the selling pressure.

Historically, when new capital inflows slow down and the cost basis trend changes, it indicates that the demand environment is weakening. As Bitcoin struggles to maintain above key levels, this trend becomes increasingly apparent. Without new buyers stepping in, Bitcoin may face the risk of long-term consolidation or even further declines, as weaker buyers continue to exit their positions. A key factor to watch is whether long-term holders or institutional demand will re-emerge at lower market levels. If wealthier investors begin to absorb Bitcoin sell-offs, it could signal a shift towards accumulation, potentially stabilizing price movements and reversing market sentiment.