Bitcoin Retreats to $112K as Institutional Demand Fades
Bitcoin dropped over 3% to $112,250 on Tuesday, decoupling from rising stock markets due to weak institutional buying demand.Summary
Bitcoin's price fell by more than 3% on Tuesday, dropping back to the $112,000 level after briefly exceeding $116,000, despite positive geopolitical news and record highs in traditional markets like the Nasdaq 100 and S&P 500.
On-chain analysis suggests the decline was caused by persistently weak buying sentiment. Although US Spot Bitcoin ETFs saw net inflows of about $200 million, this figure is significantly lower than the accumulation trends seen during previous rallies. Glassnode noted that inflows are currently less than 1,000 BTC per day, substantially below the over 2,500 BTC per day recorded at the start of major rallies this cycle.
Analysts concluded that while demand is recovering, it lacks the intensity required to push Bitcoin past the $116,000 resistance level, making the market vulnerable to pullbacks.
(Source：BeInCrypto)