Report: Bitcoin institutional buyers have not yet returned strongly, and the market is still in a waiting period for consolidation

According to BlockBeats news, on March 17th, Bitfinex released its latest report stating that Bitcoin has been continuously declining since its historical high of $109590 set on January 20th, and fell to a low of $77041 last week, with a correction of 29.7%, marking the second deepest correction in this bull market. Although historical bull markets typically experience a 30% pullback before resuming an upward trend, this cycle has previously shown a shallow decline due to institutional adoption and ETF driven demand. Short term holders continue to face net unrealized losses, exacerbating seller pressure. These investors, especially those who have purchased within the past 7 to 30 days, are often the easiest to surrender. In history, when fresh capital inflows slow down and cost base trends change, it indicates that the demand environment is weakening. As Bitcoin struggles to hold key levels, this trend is becoming increasingly apparent. If no new buyers intervene, Bitcoin may face a longer period of consolidation, and even further decline as weak holders continue to withdraw. The key factor to consider is whether long-term holders or institutional demand will reappear at these lower levels. If financially strong investors begin to absorb supply, it may indicate a shift towards an accumulation phase in the market, stabilizing price trends and reversing market sentiment.