Analyst: The selling pressure of BTC is increasing, coupled with the withdrawal of stablecoin funds, and short-term liquidity faces a risk of contraction.

Analyst: The selling pressure of BTC is increasing, coupled with the withdrawal of stablecoin funds, and short-term liquidity faces a risk of contraction.
On June 12, CryptoQuant analyst Axel Adler stated that Bitcoin (BTC) is continuously flowing into trading platforms, while stablecoin funds are constantly withdrawing, with market supply and demand both weakening simultaneously, which is considered a significant reason for Bitcoin's approximately 22% decline from its May high.
On-chain data shows that the 30-day net trading platform flow indicator for Bitcoin has shifted from a net outflow state in early May to a clear net inflow, currently around +114k BTC.
Next, three things need to be watched: whether related funds continue to flow in, whether on-chain trading volume and holdings continue to expand, and whether project teams or regulators provide new confirmation information.
A single piece of news can only indicate that sentiment has been ignited; subsequent data will determine whether it can develop into a trend.
Risks should also be kept on the table: compared to the level of approximately -85k to -115k BTC in early May, the market has gradually shifted from a phase of chip accumulation to a phase of distribution.
This indicator once rose to about +167k BTC in early June, indicating that more and more holders are transferring Bitcoin to trading platforms, with potential selling pressure continuing to increase.
$btc #defi #Stablecoins #链上数据 #Regulation