CryptoQuant: Bitcoin Sees Exhaustion of New Capital Inflows, Demand Momentum Hits All-Time Low
According to data from CryptoQuant, the Bitcoin market is experiencing a severe depletion of new capital inflows. The holdings of short-term investors have dropped from 5.3 million BTC on May 27 to the current 4.5 million BTC, a decrease of approximately 800,000 BTC. At the same time, the Bitcoin demand momentum indicator has fallen to a historic low of -2 million BTC, indicating a significant decline in interest from new market participants. Compared to the current high price of around $100,000, this data suggests that the market may be facing short-term correction pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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