Bitcoin price may slide toward $30K as institutions dump 450% of daily BTC supply
Bitcoin faces renewed downside risk as institutional demand has turned sharply negative. Capriole’s model shows institutions selling about 2,000 BTC per day, roughly 450% of daily mined supply. Spot Bitcoin ETFs are the main source of weakness, with flows dropping deep into negative territory and nearly $27 billion in withdrawals over the past month. This reverses the 2024–2025 pattern when ETF inflows helped drive BTC to record highs. Strategy’s buying, which supported the market earlier in 2026, has slowed markedly. After heavy Q1 and early-Q2 accumulation, its latest purchase was only 1,550 BTC, no longer enough to offset ETF-driven selling pressure. Technically, some analysts see a near-term support zone around $49,000–$53,000, but longer-term Fibonacci-based models suggest a deeper bear-market bottom could be near $32,000, with even lower levels possible in a harsher drawdown.
