Bitcoin Demand Shifts Point to Potential Breakout or Recovery

Bitcoin's demand dynamics have been under scrutiny for months as bears dominated the cryptocurrency market, suppressing any bullish attempts.

The latest trend suggests a shift in momentum, with institutional inflows and whale activity on the rise. According to data from CoinGlass, Bitcoin ETF flows have maintained net inflows since Monday, totaling $586.1 million by Friday.

Whale activity has also shown mixed signals, with Binance contributing to net demand while OKX and Coinbase registered collective net outflows. Meanwhile, derivatives markets have been bearish, with over $1.7 billion in net short positions on Binance and OKX futures.