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Bitcoin Plunges Below $55K Amid Weak Institutional Inflows, Profit Taking
"This does not mean the bull run is over, it just means that profit taking is happening," according to market analyst Lark Davis.
Oleh Omkar Godbole
Bitcoin is losing altitude on Monday amid weak buying pressure from institutional investors.
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The crypto market leader fell as low as $54,790.33 Monday morning, having reached a record high of $61,556.59 on Saturday, according to CoinDesk 20 data. At press time, a small bounce to $55,786 was seen.
"The failure to establish a foothold above $60,000 and the decline is likely the result of the flat-to-negative Coinbase premium – a major bellwether for institutional demand," according to Ki Young Ju, CEO of blockchain analytics firm CryptoQuant.
CryptoQuant's Coinbase premium indicator measures the spread between Coinbase’s BTC/USD pair and Binance’s BTC/USDT pair. A positive spread implies increased demand from high-net-worth investors and institutions, as these entities prefer to trade via regulated exchanges with over-the-counter desks such as Coinbase.
The premium was negative over the weekend when bitcoin broke above $60,000 and remains marginally positive at press time, implying weak institutional demand.
The spread has been significantly higher previously as prices surged above the major psychological levels of $20,000, $30,000, $40,000, and $50,000. Bitcoin has charted a six-fold rally over the past six months mainly on the back of increased institutional participation
"I think [we'll see bitcoin] short-term bearish or going sideways until there's significant institutional spot inflows in Coinbase," Ju said.
"Whale addresses holding 1,000 or more bitcoin have been selling, this does not mean the bull run is over, it just means that profit taking is happening," according to market analyst Lark Davis.
Meanwhile, Patrick Heusser, head of trading at the Swiss-based Crypto Finance AG, says the latest pullback is healthy, as the breakout above $60,000 was mainly driven by leveraged traders. "The perpetual futures funding rate and futures premium was super stretched," Heusser told CoinDesk.
See also: Diginex Anticipating Bitcoin Rise to $175K by End of 2021, CEO Says
Joel Kruger, currency strategist at LMAX Digital, told CoinDesk an overextended market has pulled back on the back of more reports of a possible cryptocurrency ban in India.
Bitcoin may suffer a deeper drawdown in the short run if the U.S. bond yields continue to rise, destabilizing stock markets. Technical studies such as the weekly chart relative strength index are also warning of a notable price pullback.
However, the broader outlook remains bullish with the likes of Diginex CEO Richard Byworth predicting a rally to $175,000 by the end of 2021.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
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- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
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