Glassnode co-founder says BTC rebound hinges on institutional inflows

Rafael Schultze-Kraft, co-founder of on-chain analytics firm Glassnode, noted on X that institutional investor demand is failing to absorb the new supply of Bitcoin, increasing supply-side pressure on the market. He argued that an inflow of institutional funds is necessary for any further BTC rally. Over the past month, spot BTC ETFs have seen a net outflow of 71,600 BTC, while Digital Asset Treasuries (DATs) have only made net purchases of 7,500 BTC. Factoring in newly issued coins, Schultze-Kraft calculated a net supply of approximately 77,000 BTC hitting the market. He explained that until this figure turns positive again, any BTC rebound will have to contend with persistent net supply pressure.