«Спрос со стороны институциональных инвесторов на биткоин превышает добычу, несмотря на рынок страха» Translation: Demand from institutional investors for Bitcoin surpasses supply, despite a market of fear.

Institutional investors have started purchasing digital gold at a pace that surpasses the mining output. For the first time since November, corporate demand has outstripped the influx of new coins entering the market.

In the past three days, the purchasing volume exceeded daily mining by 13%. Bitcoin is once again drawing the interest of financial institutions as its prices have plummeted over 30% from the highs seen in October.

Capriole founder Charles Edwards observed ongoing market stress, ranging from $126,000 to the recent lows of $80,500.

He noted that there is a disruption in the «corporate flywheel.» This is indicated by record discounts to net asset values among Bitcoin-holding companies and an increase in leverage.

Pressure from corporate treasuries could complicate price recovery, despite the network’s strong fundamentals, Edwards emphasized.

The leading cryptocurrency has adjusted to a price of $86,600. Despite market pessimism and withdrawals from ETFs, long-term holders continue to accumulate assets. Analyst GugaOnChain pointed this trend out.

The expert highlighted a divergence in market participants’ behavior. The Fear and Greed Index has dropped to 11 («extreme fear»), yet major players like Strategy’s Michael Saylor are increasing their positions.

Nevertheless, short-term metrics remain negative:

Long-term indicators suggest accumulation of coins and potential for growth:

GugaOnChain concluded that the market is in a transitional phase: short-term pessimism contrasts with the strategic accumulation of assets by significant players.

It’s worth noting that CryptoQuant analyst Carmelo Aleman reported that new investors in the leading cryptocurrency are incurring losses, as the coin has been trading below their average entry price for over a month.