"No crash thanks to institutions"...Bitcoin's strongest bear market in history has emerged

▲ Bitcoin (BTC)

Bitcoin (BTC) is forming a bear market with a completely different structure from the past, based on the inflow of institutional funds and spot ETFs, revealing a change in market fundamentals.

According to The Crypto Basic, a virtual asset media outlet, on April 22 (local time), the Bitcoin market is maintaining its network fundamentals at an all-time high even during a price correction phase. A structure where large-scale capital absorbs the selling volume of individual investors has been established, significantly strengthening market stability.

The inflow of institutional funds acts as a key factor in forming downside support. Michael Saylor, who leads Strategy, continues to accumulate tens of thousands of BTC during each downturn. Bitcoin spot ETFs are also recording daily net inflows of hundreds of millions of dollars, supporting market liquidity. Signs of system collapse, which appeared during the past Terra and FTX incidents, are not observed in the current market.

Technical indicators also suggest the possibility of a structural rebound. The Relative Strength Index and Moving Average Convergence Divergence are showing stable recovery trends after passing through oversold zones. According to Santiment data, whale investors' holdings are continuously increasing, and the Market Value to Realized Value (MVRV) indicator also signals a bottom.

The macroeconomic environment also contributes to elevating Bitcoin's status. Amid ongoing inflationary pressures, Bitcoin is establishing itself as a store of value. Major financial institutions have begun to include Bitcoin in their portfolios, and positive mentions are maintained on social media platforms like X (formerly Twitter). The network hash rate continues to set new highs daily, proving its security and stability.

Through this bear market, Bitcoin has further solidified its position as digital gold. With reduced price volatility, an institution-centric buying structure has formed, curbing sharp declines. A foundation is being built across the market in preparation for the next upturn.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*