- Bitcoin demand signals improve despite ongoing bearish outlook.
- Spot ETF flows weak with a slight recovery.
- Large holder accumulation slows further.

CryptoQuant’s latest analysis indicates improved Bitcoin demand signals, but overall bearish conditions persist. This affects both market trends and investor strategy.
Current Analysis of Bitcoin Demand
CryptoQuant’s analysis reports a contraction in Bitcoin spot demand. Despite this, CEO Ki Young Ju highlights potential for market trend reversals. Demand metrics and ETF flows remain weak, notably impacting market dynamics and investor sentiment.
CryptoQuant, an on-chain analytics platform, underscores potential trend reversals if Bitcoin prices break above $100,000. Current levels suggest a bearish outlook. ETF flows decreased by 10,000 BTC year-to-date, indicating investor caution.
“If the BTC Price manages to break decisively above the $100,000 mark, I would ‘gladly admit I was wrong’” about ongoing bearish or range-bound trends, said Ki Young Ju, CEO of CryptoQuant.
Institutional Impact on Bitcoin Prices
Institutional flow impacts Bitcoin’s price trajectory, which rose to $97,500 on April 23, 2025. Despite this, large investors reduced holdings by 30,000 BTC. Accumulation has slowed, affecting potential rally possibilities.
Financial experts note implications on liquidity and price momentum. Weak demand across ETFs and spot markets could result in further price fluctuations. Historical patterns suggest positive inflows are essential for sustained bullish rallies.
Future Expectations and Market Sentiment
Real-time data reveals limited demand momentum, affecting both long-term and new investors. Market rebounds historically required simultaneous improvements in demand and institutional participation—awaiting decisive shifts beyond current metrics.