Recent data from NYDIG reveals a reversal in short-term demand for Bitcoin as ETF and institutional inflows decline. While this shift indicates potential market volatility, NYDIG remains confident in the long-term structural strength of Bitcoin, citing continued growth driven by maturing market infrastructure. Key analysts, including Greg Cipolaro and Ben Lawsky, have studied this trend and emphasize its impact on Bitcoin prices and related markets. 2023 has seen a slowdown in institutional investment, which experts believe could affect financial outcomes, though they also see potential for a mid-cycle consolidation following historical trends of market dips that eventually recover thanks to increased applications and institutional participation.