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Alex Thorn observes that both traditional finance demand for bitcoin via ETFs and interest from Strategy appear to be waning simultaneously.
He suggests that this decline from two major sources of demand is contributing to recent weakness in the bitcoin market. Thorn offers his analysis on the current market position and potential near- and medium-term trends.
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Thorn has previously reported that three anonymous groups are seeking a New York court ruling to claim 3.8 million BTC, including coins linked to Satoshi Nakamoto, in a recent legal effort. In another note, he highlighted that Bitcoin developers are mostly aligned on implementing spam filters, though some community members remain divided on the issue, as well as on quantum mitigation plans such as BIP110 discussed in his coverage. These developments add to Thorn's ongoing assessment of key structural and technical factors impacting the bitcoin ecosystem.