Ecoinometrics

Ecoinometrics

Bitcoin Demand Is Still Contracting, No Sign of Stabilization Yet

Flows and macro conditions show no structural pivot yet

Ecoinometrics's avatar
Ecoinometrics
Feb 16, 2026
∙ Paid

Everyone is asking the same question right now: where is the bottom?

It’s a natural instinct. When prices fall long enough, the mind shifts from “how bad can this get?” to “is this finally the turning point?” But trying to pin down an exact bottom price is not a serious framework. Markets don’t hand out clean answers like that.

There are better questions to ask. Has the underlying demand for Bitcoin actually changed? Has market structure improved? Has macro shifted in a way that would justify a new risk posture?

Those questions matter because they guide exposure decisions. They allow for reassessment as new information comes in. They focus on probability rather than prediction.

So instead of guessing levels, let’s evaluate the setup. Has the outlook for Bitcoin meaningfully changed or are we still operating under the same structural pressures?

Let’s look at the data.


Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions.

Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics.

Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy.

Join over 35,000 professional investors and fund managers:

Ready? Let’s dig into the data.


Bitcoin Demand Is Still Contracting, No Sign of Stabilization Yet

The Takeaway

Bitcoin’s structural setup has not improved.

User's avatar

Continue reading this post for free, courtesy of Ecoinometrics.

Or purchase a paid subscription.
© 2026 Ecoinometrics · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture