CME Exchange Closure Amplifies Bitcoin’s Demand Dilemma as Whales Retreat
Bitcoin enters the Easter weekend trading near $66,600, with CME futures and ETF markets temporarily closed for Good Friday. This pause comes at an inopportune moment, removing key sources of demand from a market already showing signs of strain.
Despite ETF purchases hitting 50,000 BTC—the highest level since October 2025—the overall 30-day demand sits at -63,000 BTC. Corporate buyer Strategy acquired 44,000 BTC during this period, but could not offset the heavy selling pressure across the broader market.
The trend reversal among large holders appears most concerning. Wallets holding 1,000 to 10,000 BTC have shed approximately 188,000 BTC from their peak holdings, signaling a significant shift in sentiment among crypto whales.