Bitcoin has lost about $3,500 in value in recent days, from above $70,000 in early March to around $66,500, as those with less time leave. On one very difficult day, about 22,000 BTC were moved to exchange in a one piece. However, the price of Bitcoin is still holding above support and has not broken below $60,000.
A different change is quietly taking place, which raises a more important question than the selloff itself: who is actually taking all the Bitcoin that is being sold?
ETF Demand Is Trading the Market Calmly
Short-term workers, who recently acquired Bitcoin and are more sensitive to the price drop, have been actively managing the exchange. However, on-chain data from CryptoQuant data reveals the same or greater power.
Collaborative Reading
Recent data shows a steady flow of Bitcoin into institutional hands, particularly through ETFs. In the last 30 days, about 63,000 BTC has been collected by organizations. This number differs from the pressure of daily trading from those who have limited time.
As seen in the ETF chart below, which was he placed first X platform by crypto analyst Crypto Tice, the green bars representing the ETF’s entry always end the red exit period, even on days when prices are not moving as expected. This has resulted in many buyers stepping in to buy BTC during the dips and after they have slowed down, effectively drying up their available funds.
Bitcoin ETF Tracker. Source: @CryptoTice_ On X
Are Traders Running Out Of Bitcoin To Sell?
March had its ups and downs in terms of value, with Bitcoin briefly touching levels above $76,000. before falling under the pressure again while sales increased towards the end of the month.
As it stands, the price of Bitcoin is usually close March under $70,000, and it doesn’t have it the risk of closing the red moon, which would bring it to six consecutive months of bearish closings. At the time of writing, Bitcoin is trading at $67,339, which is only 0.57% above the March opening of $66,970.
Collaborative Reading
On the other hand, US-based Spot Bitcoin ETFs now they are $1.2 billion in inflows in March 2026, the end of four consecutive months of outflows. This change shows that the group’s desire is starting to return after a long period of decline, and money is returning to Bitcoin.
Even this will end he did not have enough strength full fight and short time selling pressure on the price of Bitcoin, points to a willingness among major players to accumulate at current prices. Short-term holders, by definition, have sufficient funds for their income at current rates. If the same absorption rate continues, then supply to suppliers will continue to decrease while demand remains strong.
Graphic design by Dall.E, chart from Tradingview.com
