CoinEx News: Market data on June 11 showed that corporate bitcoin treasury buying, also known as digital asset treasury (DAT) demand, has fallen from about $500 million per day to almost negligible levels. The slowdown comes as U.S. spot bitcoin ETFs also continue to face net outflows, pointing to weaker institutional spot demand.

The signal matters because BTC is losing two demand buffers at once: ETF inflows and treasury-led accumulation. Until either channel recovers, BTC rebounds may face thinner follow-through, with rallies more dependent on short-term positioning than sustained institutional absorption.