Analyst: Institutional buying is absorbing short-term selling pressure. To continue the upward trend, it must stay above $70,000 and maintain capital inflow.

BTC-1,92%

BlockBeats News, on March 26, crypto market analyst Axel released a new report indicating that over the past 30 days (February 24 to March 25), Bitcoin ETFs (in the US and elsewhere) have accumulated a net inflow of 62,986 BTC (approximately $1.13 billion), with total holdings reaching 1.327 million BTC.

During the same period, short-term holders continued to realize losses on exchanges, with daily inflows of 15,500 BTC on the loss side. Axel pointed out that current institutional buying has surpassed retail selling pressure, providing support for prices, but the market shows a divided pattern — short-term participants are still selling at a loss, while ETF funds are gradually absorbing supply. If the upward momentum is to continue, the price must stay above $70,000 and ETF inflows need to remain positive.

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