Bitcoin Holds Above $77,000 Even as Demand Signals Weaken

Bitcoin pushed above $77,000 in recent trading, but the demand that has powered past rallies looks thinner. Corporate treasuries, a major source of buying over the last two years, added just 5,900 bitcoin across the last three months, a sharp slowdown from earlier pace. Ether funds lost money for a third consecutive session even as ether's price rose, and XRP funds also saw outflows. Zcash was the exception, extending a run of gains while most other major tokens advanced. The split suggests investors are chasing a handful of names rather than broadly adding exposure to the sector, even as bitcoin's headline price holds up. What is unresolved is whether the slower treasury pace reflects a pause or a structural shift away from corporate balance-sheet buying, which had been one of the more reliable demand sources this cycle.