Woofun AI notes that CryptoQuant analyst Darkfost identified institutional Bitcoin demand as currently depressed. Spot Bitcoin ETFs registered a net outflow of $2.1 billion during the preceding 30-day period. Strategy’s acquisition activity has remained near zero for multiple consecutive weeks. Total demand from Bitcoin reserve entities declined from approximately $6.6 billion in August 2025, when Bitcoin traded near $115,000, to virtually nil at current levels of roughly $65,000. Darkfost characterized this dynamic as indicative of market pessimism, while suggesting that periods of minimal institutional interest historically offer optimal positioning opportunities.