Cryptocurrency30 Jun 2026SEO 801 min read

Analysis: Bitcoin $4.4 billion supply overhang emerges as institutional demand wilts

Your day-ahead look for June 30, 2026 This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. Though BTC h…

Your day-ahead look for June 30, 2026 This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. Though BTC has recently stabilized around $60,000, the prospects for a meaningful recovery remain bleak because institutional demand is falling significantly short of soaking up supply. The latest chart by Glassnode shows that bitcoin exchange-traded funds (ETFs) have sold off 71,600 BTC, worth over $4 billion, this month, the largest redemption on r…

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