Analysis: Institutional buying fails to compensate for Bitcoin's declining spot demand

Bitcoin (BTC) is trading at $109,000, up 0.8% over the week, but remains range-bound as institutional buying from ETFs and MicroStrategy (MSTR) fails to offset declining spot demand, CoinDesk reported, citing on-chain analytics platform CryptoQuant. BTC demand has shrunk by 895,000 over 30 days, with ETF and MSTR purchases also slowing compared to December. Additionally, the empty BTC mempool signals weak retail interest, raising concerns about future price momentum, especially as some experts, like Anthony Scaramucci, predict the BTC treasury trend may fade.