Nhu cầu bitcoin giảm khi dòng tiền ra từ nhà đầu tư lẻ và tổ chức tăng lên

The Mars Finance report states that on April 4, a CryptoQuant analysis report revealed a disconnect between current crypto market sentiment and fund flows: the Fear & Greed Index is in the extreme fear range (8–14), yet ETF net inflows in March exceeded $1 billion; the Coinbase Premium Index remains persistently negative, indicating limited U.S. institutional participation. Geopolitical volatility (Iran conflict) has caused repeated price fluctuations, with market strategy shifting toward caution, as overall demand slowly dissipates rather than through panic selling. Despite a decline of approximately 47% from its historical high of $126,000 in October 2025—far below the 85%+ crashes seen in 2013 and 2017—analyst Zack Wainwright noted this reflects the gradual maturation of the Bitcoin market, with volatility gradually compressing. Potential catalysts include Morgan Stanley’s approval of a low-fee Bitcoin ETF, which would provide access for $6.2 trillion in assets managed by 16,000 financial advisors, and the Strategy STRC preferred stock product continuing to buy 44,000 BTC/month, potentially offering stable buying pressure. Short-term technical indicators suggest that if the Iran conflict eases, Bitcoin could rebound to $71,500–$81,200. Synthesizing relevant indicators, CryptoQuant concludes: internal demand in the Bitcoin market is contracting, and current price support relies on continued absorption of selling pressure from retail investors and large holders by institutional ETFs, Strategy, and new channels. (CoinDesk)