Jul 9, 2026 2:08 PM
Bitcoin’s institutional era is failing. For 208 days, demand has been negative as old coins flood the market faster than new capital arrives. With the Coinbase Premium negative for 46 days, U.S. institutions have clearly abandoned the asset. We aren't at the bottom; the data points to a further crash toward $48,300 before any real recovery can even be discussed. Is this just a necessary shakeout, or is the Bitcoin bull case officially dead? What’s your take?
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