"No crash thanks to institutions"...Bitcoin's strongest bear market in history has begun

▲ Bitcoin (BTC)

Bitcoin (BTC) is revealing a change in market constitution by forming a bear market with a structure completely different from the past, based on institutional funds and spot ETF inflows.

According to The Crypto Basic, a virtual asset media outlet, on April 22 (local time), the Bitcoin market is showing a trend where network fundamentals remain at an all-time high even during price correction phases. A structure in which large-scale capital absorbs sell-offs from individual investors has been established, significantly strengthening market stability.

The inflow of institutional funds acts as a key factor in forming downward support. Michael Saylor, who leads Strategy (MicroStrategy), continues to accumulate tens of thousands of BTC during periods of decline. Bitcoin spot ETFs also record net inflows of hundreds of millions of dollars daily, supporting market liquidity. Signs of system collapse, which appeared during past Terra and FTX incidents, are not observed in the current market.

Technical indicators also suggest the possibility of a structural rebound. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing stable recovery trends after passing through oversold zones. According to Santiment data, whale investors' holdings are continuously increasing, and the Market Value to Realized Value (MVRV) indicator also signals a bottom.

The macro environment also contributes to elevating Bitcoin's status. Amid ongoing inflationary pressures, Bitcoin is establishing itself as a store of value. Major financial institutions have begun to include Bitcoin in their portfolios, and positive mentions are maintained on social media such as X (formerly Twitter). The network hash rate continues to break new records daily, proving its security stability.

Through this bear market, Bitcoin has further solidified its position as digital gold. Amid moderated price volatility, an institution-centric buying structure has formed, continuing to curb sharp declines. The foundation for preparing for the next upward phase is being built across the market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*