Institutional demand for Bitcoin is surging through US spot ETFs, even as retail investors continue selling at a loss. Over the past 30 days ending March 25, these ETFs acquired 62,986 BTC-worth $11.3 billion-lifting total holdings to over 1.32 million BTC.
The pace has accelerated sharply: the 7-day average now stands at 3,288 BTC per day, more than double the 30-day average of 1,256 BTC. This institutional buying has helped anchor Bitcoin’s price between $64,100 and $71,307 despite ongoing outflows from short-term holders.
On-chain data shows those short-term holders are still sending 35,200 BTC daily to exchanges, with 15,500 BTC of that representing losses. Yet signs of easing panic are emerging. Analyst Darkfost notes inflows to Binance from new investors have dropped to 25,000 BTC-the lowest on record-down from 100,000 BTC during February’s selloff.
Still, a major obstacle looms. Whale order-book data reveals a dense sell wall between $72,300 and $72,600, with key support levels at $69,200 and $68,200-$68,500. Unless Bitcoin clears that resistance, analysts warn price could dip to test deeper liquidity around $67,000.
At press time, Bitcoin traded at $69,573-holding steady but not yet breaking out.
