Bitcoin Reaches Historically Oversold Weekly Range as Long-Term Holders and Institutions Reduce Positions, K33 Says

Bitcoin has entered one of its most oversold weekly ranges on record after months of persistent selling, with no strong justification to continue selling at current levels, K33 said in a report cited by The Block on March 4. The cryptocurrency has posted six consecutive weekly declines and five straight monthly losses, the longest negative streak in Bitcoin's history, with sentiment in derivatives markets broadly pessimistic and positioning clearly defensive, according to research director Vetle Lunde. The downturn has been driven mainly by long-term holders and institutional investors, as supply held for more than six months dropped sharply in Q4 2025, ETF holders cut nearly 100,000 BTC, and open interest in CME Bitcoin futures fell to a two-year low. Outflows from long-term and exchange-traded investors have recently shown signs of slowing, Lunde added.