BTC market structure improves, but spot demand key for break above $82K

BTC’s market structure is improving, but further gains will require support from spot buying demand, according to Xwin Research Japan. The firm said rising ETF inflows, buying by large-scale investors, and sizable buy walls suggest institutions and whales are absorbing market supply. It added short-term holders have moved back into profit, improving investor sentiment. At the same time, Xwin Research Japan said selling pressure remains, with Binance’s BTC holdings staying elevated at 685,000-687,000 BTC and the seven-day average net inflow to exchanges rising to about 593 BTC. The firm added even long-dormant holdings are starting to move, making it critical whether future spot demand can absorb the supply coming to market. If that supply is absorbed, the likelihood of a move above $82,000-$83,000 could increase.