BTC Holds at $66.6K — Weak Demand, Sellers in Control

Bitcoin continues to trade near $66.6K, showing slow price movement and volatility. The holiday period has reduced liquidity, and with buyers pulling back, sellers are gaining short-term control. Trading volume is low, and momentum is weakening.

Although institutional inflows remain positive, they are not enough to push the price higher. Over the past month, ETFs have added around 50,000 BTC, the strongest inflow since October 2025, and corporate investors have added about 44,000 BTC. However, these purchases are offset by broader market sell-offs.

According to CryptoQuant, whales holding between 1,000 and 10,000 BTC have shifted to net sellers. Their exchange balances have decreased from 200,000 to 188,000 BTC over the past year. Medium-sized investors are also slowing their buying activity. Additionally, Coinbase's discounted trading indicates weak spot demand in the US.

With CME futures and ETF flows halted due to the holiday, institutional support is temporarily absent. This situation exposes Bitcoin to spot market movements in a low-liquidity environment, which is generally bearish.

Market maker Enflux highlights increasing macroeconomic pressure. The ISM price index rose to 78.3, dampening expectations for interest rate cuts, which tend to hurt risk assets.

Last week saw $296 million dollars exit ETFs, and early April inflows remain weak. Any potential rally is likely limited within the resistance zone of $71,500 to $81,200.

If upcoming Core PCE data on April 9 shows figures above 3.1%, expectations for interest rate cuts may further diminish, increasing the risk of a decline for Bitcoin.

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