Bitcoin’s Alarming Decline: CryptoQuant Unveils True Demand Drop Despite ETF & MSTR Buys

Key Points

1. CryptoQuant's analysis shows Bitcoin's 'real demand' is decreasing, even as U.S. spot Bitcoin ETFs and MicroStrategy continue buying large amounts of BTC.

2. The 857,000 BTC deficit indicates that while institutional buying is strong, organic demand from other market participants may be waning.

3. Bitcoin ETFs and MicroStrategy's accumulation may be consolidating existing supply rather than driving new demand, reducing available float in the market.

4. For Bitcoin to break and surpass its all-time highs, rising organic demand from retail and broader market participants is essential, not just institutional buying.

5. On-chain data platforms like CryptoQuant provide critical insights into genuine market strength, helping investors differentiate between superficial buying and true demand.