Although BTC recently stabilized around $60,000, prospects for a significant recovery remain bleak as institutional demand falls far short of absorbing supply.
The latest chart from Glassnode shows that Bitcoin exchange-traded funds (ETFs) this month sold 71,600 BTC, worth more than $4 billion, the largest buyback on record. Meanwhile, corporate treasuries, or digital asset treasuries, have only collected 7,500 BTC. Add to that the new coins mined each day, and the net figure comes to around -77,000 BTC ($4.4 billion).
In other words, more supply is coming into the market than the biggest players are absorbing, creating what analysts call “oversupply.” Big-ticket vehicles actually add to the selling pressure.
Against this backdrop, Strategy (MSTR), the largest Bitcoin digital asset company, announced a BTC monetization plan on Monday, allowing up to $1.25 billion in potential bitcoin sales, primarily to build a reserve of US$2.55 billion to cover preferred dividends and interest expenses.
These developments suggest that any rebound in prices is likely to be short-lived unless these flows turn positive and institutional demand returns. This is a key signal for traders who want to know whether the recovery is truly dynamic or just temporary.
