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Bitcoin faces high leverage risks and fading institutional demand near $79K support zone.

Market News
17 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin is experiencing a fragile market phase with its Estimated Leverage Ratio rising to 14.9%, signaling high risk of sudden long liquidations. Institutional demand is weakening, highlighted by nearly $1 billion weekly outflows from U.S. spot Bitcoin ETFs and a negative Coinbase Premium, undermining rally strength. However, long-term holders have added over 316,000 BTC in the past month, showing steady conviction and reducing circulating supply. The critical support zone between $78,000 and $79,000 is key to watch; a breakdown could trigger more liquidations, while holding could renew bullish momentum if institutional confidence returns.

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