• bitcoinBitcoin (BTC) $ 119,273.00
  • ethereumEthereum (ETH) $ 3,001.77
  • xrpXRP (XRP) $ 2.87
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 693.34
  • solanaSolana (SOL) $ 163.12
  • usd-coinUSDC (USDC) $ 0.999807
  • dogecoinDogecoin (DOGE) $ 0.202477
  • tronTRON (TRX) $ 0.303570
  • staked-etherLido Staked Ether (STETH) $ 2,998.63
  • cardanoCardano (ADA) $ 0.749331
  • hyperliquidHyperliquid (HYPE) $ 49.07
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 119,079.00
  • stellarStellar (XLM) $ 0.472151
  • wrapped-stethWrapped stETH (WSTETH) $ 3,628.06
  • suiSui (SUI) $ 3.52
  • chainlinkChainlink (LINK) $ 15.87
  • hedera-hashgraphHedera (HBAR) $ 0.242509
  • bitcoin-cashBitcoin Cash (BCH) $ 509.97
  • avalanche-2Avalanche (AVAX) $ 21.71
  • leo-tokenLEO Token (LEO) $ 9.03
  • wrapped-eethWrapped eETH (WEETH) $ 3,214.87
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • wethWETH (WETH) $ 3,002.74
  • the-open-networkToncoin (TON) $ 3.00
  • litecoinLitecoin (LTC) $ 96.70
  • usdsUSDS (USDS) $ 0.999840
  • whitebitWhiteBIT Coin (WBT) $ 46.14
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999483
  • moneroMonero (XMR) $ 337.84
  • polkadotPolkadot (DOT) $ 4.04
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 119,317.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • pepePepe (PEPE) $ 0.000013
  • uniswapUniswap (UNI) $ 8.65
  • bitget-tokenBitget Token (BGB) $ 4.40
  • aaveAave (AAVE) $ 313.78
  • bittensorBittensor (TAO) $ 401.74
  • pi-networkPi Network (PI) $ 0.470770
  • daiDai (DAI) $ 0.999866
  • crypto-com-chainCronos (CRO) $ 0.107757
  • aptosAptos (APT) $ 5.03
  • nearNEAR Protocol (NEAR) $ 2.58
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • internet-computerInternet Computer (ICP) $ 5.51
  • okbOKB (OKB) $ 48.85
  • ondo-financeOndo (ONDO) $ 0.910444
  • jito-staked-solJito Staked SOL (JITOSOL) $ 198.62
  • ethereum-classicEthereum Classic (ETC) $ 18.60
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • mantleMantle (MNT) $ 0.692935
  • kaspaKaspa (KAS) $ 0.088079
  • algorandAlgorand (ALGO) $ 0.265551
  • susdssUSDS (SUSDS) $ 1.06
  • ethenaEthena (ENA) $ 0.349744
  • usd1-wlfiUSD1 (USD1) $ 0.999753
  • cosmosCosmos Hub (ATOM) $ 4.74
  • vechainVeChain (VET) $ 0.025000
  • bonkBonk (BONK) $ 0.000027
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.234865
  • arbitrumArbitrum (ARB) $ 0.418269
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.031944
  • render-tokenRender (RENDER) $ 3.82
  • official-trumpOfficial Trump (TRUMP) $ 9.70
  • fasttokenFasttoken (FTN) $ 4.49
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.733448
  • gatechain-tokenGate (GT) $ 15.89
  • worldcoin-wldWorldcoin (WLD) $ 1.07
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,003.12
  • sei-networkSei (SEI) $ 0.326096
  • filecoinFilecoin (FIL) $ 2.60
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 118,896.00
  • skySky (SKY) $ 0.079252
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.75
  • binance-staked-solBinance Staked SOL (BNSOL) $ 173.40
  • jupiter-exchange-solanaJupiter (JUP) $ 0.510899
  • spx6900SPX6900 (SPX) $ 1.62
  • kucoin-sharesKuCoin (KCS) $ 11.43
  • usdtbUSDtb (USDTB) $ 0.999337
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998210
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,146.25
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,424.28
  • usdt0USDT0 (USDT0) $ 1.00
  • celestiaCelestia (TIA) $ 1.91
  • fartcoinFartcoin (FARTCOIN) $ 1.31
  • nexoNEXO (NEXO) $ 1.29
  • story-2Story (IP) $ 4.26
  • xdce-crowd-saleXDC Network (XDC) $ 0.077384
  • injective-protocolInjective (INJ) $ 12.67
  • blockstackStacks (STX) $ 0.794801
  • flare-networksFlare (FLR) $ 0.017360
  • sonic-3Sonic (S) $ 0.366406
  • optimismOptimism (OP) $ 0.666596
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.75
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,209.23
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,154.44
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 118,857.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • memecoreMemeCore (M) $ 0.654415
  • dogwifcoindogwifhat (WIF) $ 1.03
  • immutable-xImmutable (IMX) $ 0.539958
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,164.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.59
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999141
  • the-graphThe Graph (GRT) $ 0.100596
  • flokiFLOKI (FLOKI) $ 0.000100
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 118,980.00
  • pax-goldPAX Gold (PAXG) $ 3,347.64
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • wbnbWrapped BNB (WBNB) $ 692.72
  • kaiaKaia (KAIA) $ 0.157822
  • curve-dao-tokenCurve DAO (CRV) $ 0.672040
  • clbtcclBTC (CLBTC) $ 118,497.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,247.13
  • paypal-usdPayPal USD (PYUSD) $ 0.999192
  • vaultaVaulta (A) $ 0.550200
  • iotaIOTA (IOTA) $ 0.217575
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 182.98
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.43
  • tether-goldTether Gold (XAUT) $ 3,346.29
  • theta-tokenTheta Network (THETA) $ 0.822492
  • msolMarinade Staked SOL (MSOL) $ 213.46
  • galaGALA (GALA) $ 0.017507
  • jasmycoinJasmyCoin (JASMY) $ 0.016072
  • the-sandboxThe Sandbox (SAND) $ 0.318828
  • mog-coinMog Coin (MOG) $ 0.000002
  • lido-daoLido DAO (LDO) $ 0.849437
  • raydiumRaydium (RAY) $ 2.82
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.37
  • aerodrome-financeAerodrome Finance (AERO) $ 0.854528
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • ousgOUSG (OUSG) $ 111.77
  • pyth-networkPyth Network (PYTH) $ 0.121685
  • zcashZcash (ZEC) $ 42.90
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • tezosTezos (XTZ) $ 0.645563
  • jito-governance-tokenJito (JTO) $ 1.94
  • super-oethSuper OETH (SUPEROETH) $ 3,004.87
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997818
  • saros-financeSaros (SAROS) $ 0.255560
  • wrapped-hypeWrapped HYPE (WHYPE) $ 49.11
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,208.22
  • pendlePendle (PENDLE) $ 3.97
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • flowFlow (FLOW) $ 0.393741
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,133.27
  • tbtctBTC (TBTC) $ 118,916.00
  • decentralandDecentraland (MANA) $ 0.324484
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,536.00
  • morphoMorpho (MORPHO) $ 1.94
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,004.26
  • chain-2Onyxcoin (XCN) $ 0.017569
  • heliumHelium (HNT) $ 3.20
  • newton-projectAB (AB) $ 0.008811
  • falcon-financeFalcon USD (USDF) $ 0.999645
  • usual-usdUsual USD (USD0) $ 0.997573
  • based-brettBrett (BRETT) $ 0.057966
  • coredaoorgCore (CORE) $ 0.562958
  • walrus-2Walrus (WAL) $ 0.407516
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 119,428.00
  • staked-hypeStaked HYPE (STHYPE) $ 49.09
  • thorchainTHORChain (RUNE) $ 1.55
  • apecoinApeCoin (APE) $ 0.673709
  • bitcoin-svBitcoin SV (BSV) $ 26.60
  • conflux-tokenConflux (CFX) $ 0.103212
  • syrupMaple Finance (SYRUP) $ 0.491553
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.202771
  • ripple-usdRipple USD (RLUSD) $ 0.999702
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,002.07
  • starknetStarknet (STRK) $ 0.142345
  • build-onBUILDon (B) $ 0.499572
  • true-usdTrueUSD (TUSD) $ 0.999338
  • usddUSDD (USDD) $ 1.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008103
  • kavaKava (KAVA) $ 0.437963
  • stader-ethxStader ETHx (ETHX) $ 3,189.69
  • venomVenom (VENOM) $ 0.223474
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004637
  • dydx-chaindYdX (DYDX) $ 0.610611
  • arweaveArweave (AR) $ 6.98
  • 1inch1inch (1INCH) $ 0.328320
  • elrond-erd-2MultiversX (EGLD) $ 15.83
  • neoNEO (NEO) $ 6.37
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999808
  • telcoinTelcoin (TEL) $ 0.004917
  • beldexBeldex (BDX) $ 0.062650
  • apenftAPENFT (NFT) $ 0.00000045
  • compound-governance-tokenCompound (COMP) $ 47.20
  • aioz-networkAIOZ Network (AIOZ) $ 0.374036
  • ether-fiEther.fi (ETHFI) $ 1.18
  • dexeDeXe (DEXE) $ 7.61
  • deepDeepBook (DEEP) $ 0.173310
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,317.32
  • ecasheCash (XEC) $ 0.000021
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.35
  • axie-infinityAxie Infinity (AXS) $ 2.55
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 118,220.00
  • zksyncZKsync (ZK) $ 0.056746
  • usdbUSDB (USDB) $ 0.998576

Bulls vs. Bears: Institutions Pile Up BTC But Price Doesn’t go up, Why?

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Bulls vs. Bears: Institutions Pile Up BTC But Price Doesn’t go up, Why?

Over the last thirty days, many institutions have been loading up their bitcoin (BTC) bags. However, these purchases have had no major impact on the price of the leading digital asset. This has sparked concerns among market participants.

Many are wondering why BTC has been stuck within a tight range since it hit an all-time high (ATH) in late May.

A recent report by the market intelligence firm CryptoQuant revealed the reason for the weak price momentum despite persistent institutional demand, which analysts say is currently not enough.

BTC Stalls Despite Institutional Demand

According to CryptoQuant, BTC purchases from U.S.-based exchange-traded funds (ETFs) and corporate treasuries belonging to firms like Strategy have declined this year compared to the period from November to December 2024.

ETF purchases have decreased from 86,000 BTC in early December to 71,000 BTC in mid-May, and are currently at 40,000 BTC. The trend represents a 53% decline over this period.

At the same time, Strategy’s acquisitions have also dropped from 171,000 BTC in December to 16,000 BTC currently. This shows a 90% plunge over the period.

Although institutional purchases and ETF flows have kept BTC above $100,000 for a while, further declines could slow price gains. This could be exacerbated by the fact that ETF and institutional buys represent a fraction of the overall BTC demand, which seems to be contracting.

At the market’s peak in December, ETF and institutional purchases represented 33% of total Bitcoin demand growth. These entities purchased no more than 257,000 BTC out of the total 771,000 BTC. This indicated that the Bitcoin market had a bigger and unobservable demand coming from other sources.

Overall Demand is Contracting

Currently, the overall demand for BTC is contracting, having declined by 895,000 BTC over the last 30 days. This metric needs to expand for a sustainable price rally to occur. However, the demand level from institutions right now is not enough to trigger that expansion.

CryptoQuant stated that Bitcoin’s annual growth chart reflects how ETF and institutional purchases account for only a portion of demand. Apparent demand has also contracted by 857,000 BTC, significantly offsetting the expansion of ETF and institutional demand (377,000 BTC and 371,000 BTC, respectively).

“The bottom line is that ETFs and MSTR’s Bitcoin purchase, while overall positive for Bitcoin price gains, are not sufficient to drive prices to fresh all-time highs,” the market intelligence firm added.

Source

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