CryptoQuant analyst Darkfost said institutional demand for Bitcoin is sitting at low levels, pointing to $2.1 billion in net outflows from spot Bitcoin ETFs over the past 30 days. He also said Strategy’s Bitcoin demand has been close to zero for several consecutive weeks. At the same time, aggregate demand from Bitcoin treasury companies has fallen from about $6.6 billion in August 2025, when Bitcoin was near $115,000, to almost zero at current levels, with Bitcoin around $65,000. Darkfost said the trend reflects bearish market sentiment. He added that periods when institutional demand bottoms out have often marked favorable times to build positions. The comments frame weakening institutional participation as a notable signal in the current Bitcoin market, especially as ETF flows and treasury buying both soften at the same time.
CryptoQuant analyst Darkfost said institutional demand for Bitcoin is at a low level, with spot Bitcoin ETFs recording $2.1 billion in net outflows over the past 30 days.
Darkfost also said Strategy’s demand for Bitcoin has been close to zero for several consecutive weeks. He added that overall demand from Bitcoin treasury companies has fallen from about $6.6 billion in August 2025, when Bitcoin traded near $115,000, to almost zero at current levels, with Bitcoin around $65,000.
According to Darkfost, the trend reflects bearish market sentiment, though he said periods of minimum institutional demand have often been good times for positioning.
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