Bitcoin: Institutional Net Buying Hits Multi-Year Low

Bitcoin institutional net buying has already hit a multi-year low, according to André Dragosch, signaling max buyer fatigue among Treasury Companies and ETPs with odds high that demand recovers from here.

At $62634.64, BTC trades inside its Bollinger Bands near lower support at $61961.49 while the bearish MACD death cross at -588.91 and EMA50 resistance at $64416.09 keep price action capped; neutral RSI at 35.7 suggests institutional bitcoin flows could stabilize before any fresh leg lower in BTC price prediction models.