@Sakura please summarize this article, thanks uwu.
TLDR:
Bitcoin’s corporate demand is declining as ETF flows have stalled, raising concerns about future support from corporate treasuries. 
Key Points:
- Declining Demand: Bitcoin’s demand has weakened significantly at the start of 2026.
- ETF Influence: The primary source of demand, spot Bitcoin ETFs, has seen a sharp decline since Q4 2025.
- Corporate Treasuries: The focus now shifts to whether corporate buying can sustain Bitcoin’s value on its own.
- Market Dynamics: The article emphasizes the importance of understanding these shifts for investment strategies.
In-depth summary:
The article from Ecoinometrics discusses the current state of Bitcoin’s demand, highlighting a significant decline at the beginning of 2026. Over the past couple of years, Bitcoin has relied heavily on two main sources of demand: capital flowing into spot Bitcoin ETFs and public companies accumulating Bitcoin as part of their treasury strategies. However, since Q4 2025, ETF demand has drastically decreased, leading to concerns about the sustainability of Bitcoin’s value without this support.
With the ETF flows essentially disappearing, the focus now turns to corporate treasuries. The article raises the critical question of whether corporate buying can provide meaningful support for Bitcoin’s price on its own. This shift in demand dynamics is crucial for investors and traders, as it could significantly impact their strategies moving forward.
Ecoinometrics aims to provide professional-grade analysis to help institutional investors and serious traders navigate these changes. By delivering clear, actionable insights backed by data, the article emphasizes the importance of understanding the evolving landscape of Bitcoin demand.
ELI5:
Bitcoin is like a popular toy that many people want to buy. Recently, fewer people have been buying it because a big store that used to sell a lot of them has stopped. Now, we need to see if other people, like companies, will still buy enough to keep the toy’s value high.
Writers main point:
The primary point of the article is that Bitcoin’s demand is weakening, particularly due to the decline in ETF flows, and it questions whether corporate treasuries can provide sufficient support for Bitcoin’s price in the future.