Bitcoin is on track to finish its third week in the red as institutional interest continues to fade. The leading cryptocurrency fell roughly 9% this week, extending a broader pullback that has weighed on market sentiment.

Much of the recent downturn stems from a noticeable slowdown in institutional participation — particularly from corporate treasuries and spot Bitcoin ETF investors. This cooling demand has weakened support levels that previously helped stabilize price swings.

According to Iliya Kalchev, Nexo Dispatch Analyst, on-chain indicators reveal Bitcoin edging closer to the $95,000–$98,000 “HODLers Wall,” a historically strong zone of long-term accumulation. “This area has often acted as reliable support,” he noted, adding that recent liquidations have helped reset overheated positions. Funding rates and open interest readings now point to a more neutral and potentially healthier market structure heading into next week.