Does No One Want Bitcoin Anymore? Crypto In 'Desperate' Need For New Narrative, Says Commentator As Smart Money Sits 'On The Sidelines'

Benzinga06-25

Cryptocurrency analyst Ali Martinez spotlighted a prolonged lull in institutional buying pressure for Bitcoin (CRYPTO: BTC) as the apex cryptocurrency hit a 20-month low on Wednesday. Martinez pointed...

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Crypto In 'Desperate' Need For New Narrative, Says Commentator As Smart Money Sits 'On The Sidelines'","media":"Benzinga","content":"<div>\n<p>Cryptocurrency analyst Ali Martinez spotlighted a prolonged lull in institutional buying pressure for Bitcoin (CRYPTO: BTC) as the apex cryptocurrency hit a 20-month low on Wednesday.\nMartinez pointed...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/06/60088698/crypto-needs-a-new-narrative-as-smart-money-sits-on-the-sidelines-commentator-says\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Does No One Want Bitcoin Anymore? 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Crypto In 'Desperate' Need For New Narrative, Says Commentator As Smart Money Sits 'On The Sidelines'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-25 12:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/06/60088698/crypto-needs-a-new-narrative-as-smart-money-sits-on-the-sidelines-commentator-says><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency analyst Ali Martinez spotlighted a prolonged lull in institutional buying pressure for Bitcoin (CRYPTO: BTC) as the apex cryptocurrency hit a 20-month low on Wednesday.\nMartinez pointed...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/06/60088698/crypto-needs-a-new-narrative-as-smart-money-sits-on-the-sidelines-commentator-says\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTC","symbol_name":"比特币ETF-Grayscale","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/06/60088698/crypto-needs-a-new-narrative-as-smart-money-sits-on-the-sidelines-commentator-says","article_id":"2646297758","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=260,format=auto,quality=85/files/images/story/2026/06/25/Bitcoin-Digital-Cryptocurrency-Losing-Va.jpg"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/crypto/cryptocurrency/26/06/60088698/crypto-needs-a-new-narrative-as-smart-money-sits-on-the-sidelines-commentator-says","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2646297758","pubTimestamp":1782361680,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Cryptocurrency analyst Ali Martinez spotlighted a prolonged lull in institutional buying pressure for Bitcoin (CRYPTO: BTC) as the apex cryptocurrency hit a 20-month low on Wednesday, June 24.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"比特币ETF-Grayscale","HODL":"比特币ETF-VanEck","BTFX":"比特币期货ETF-CoinShares","MNRS":"GRAYSCALE BITCOIN MINERS ETF","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - 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It is a widely used barometer for U.S. institutional demand and overall market sentiment.\n“A negative premium means BTC is trading cheaper on Coinbase, suggesting that U.S. institutional buying pressure has dried up,” the analyst stated.\nMartinez also highlighted the “cooling period” in spot exchange-traded fund flows. The Bitcoin ETFs have experienced six consecutive weeks of net outflows, according to data from SoSo Value, with $2.92 billion in redemptions this month alone.\n“American smart money appears to be sitting on the sidelines, waiting for macroeconomic clarity before re-entering the accumulation phase,” Martinez added.\nBitcoin plunged below $60,000 on Wednesday—its first time since October 24—as the ongoing sell-off pushed the leading cryptocurrency more than 51% below its record high of $126,198.\nThe odds of Bitcoin falling below $30,000 in 2026 stood at 14% on Polymarket, while the chances of the asset sliding below $50,000 rose to 62%. \nBitcoin’s downfall has had a cascading effect on the broader market. Market commentator Kobeissi Letter noted how the cryptocurrency market capitalization has collapsed by more than 50% in just 8 months.\n“Crypto markets have erased an average of -$8.8 billion per day for 261 days straight,” Kobeissi Letter said. “Crypto is in desperate need of a new narrative.”\nPrice Action: At the time of writing, BTC was exchanging hands at $61,237.57, up 3.42% in the last 24 hours, according to data from Benzinga Pro.\nPhoto Courtesy: Quality Stock Arts on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646297758","isCrawlerRequest":true}