Analyst: Institutional Buying Pressure Absorbing Short-Term Selling, Need to Secure $70K Level for Sustained Uptrend and Inflow

BlockBeats News, March 26th, Cryptocurrency market analyst Axel released a new report stating that in the past 30 days (February 24th to March 25th), Bitcoin ETFs (U.S. and others) had a cumulative net inflow of 62,986 BTC (about $11.3 billion), with a total holding of 1.327 million BTC.

During the same period, short-term holders continued to realize losses on exchanges, with a daily average inflow to the loss side of 15,500 BTC. Axel pointed out that institutional buying pressure has exceeded retail selling pressure, providing support for the price, but the market is showing a divergent pattern—short-term participants are still selling at a loss, while ETF funds are gradually absorbing supply. To continue the upward trend, the price needs to hold above $70,000 and ETF fund inflows need to remain positive.