Bitcoin’s $70K-$112K Range Paradox: Why Stagnation Masks a Massive Institutional Bid

Bitcoin's price action is currently defying historical momentum. Despite BTC trading within a tight $70K-$112K range, regulated ETFs are absorbing billions. This inflow-price paradox confirms institutional capital is building a foundational bid wall, not chasing speculative momentum.

The core conviction is that patient institutional money is systematically reducing the available supply pool.

1) The Basis Trade Collapse: Hedge funds systemically exited spot ETF holdings after the lucrative "basis trade" premium collapsed. This means the capital entering now from wealth managers is strategic, buy-and-hold allocation, not short-term arbitrage.

2) The Supply Sink: The sustained absorption of billions without a proportional price spike confirms that institutional capital is establishing a massive, standing bid wall, creating a "coiling spring" effect.

3) Whale Liquidity Transfer: Early Bitcoin whales are actively selling into this institutional strength. This transfer provides the necessary liquidity for ETFs to establish deep positions, confirming wealth is moving from early holders to regulated institutions.

The market is coiling. Is the current price stagnation the final phase of a deliberate institutional supply acquisition, or is the short-term macro uncertainty still too high to justify maintaining this standing bid wall?