Analyst: Selling pressure from Bitcoin short-term holders has eased, and the return of institutional capital still needs to be observed

robot
Abstract generation in progress
Mars Finance news: On July 12, CryptoQuant analyst Axel Adler said in a post that the actual pressure model for Bitcoin short-term holders shows that the buy-sell pressure among current short-term holders is cooling slightly, while buyer strength still remains in the lead. Meanwhile, against the backdrop of eight consecutive weeks of fund outflows, the ETF market recently recorded about $197.4 million in net inflows, but this scale is not enough to confirm a reversal in institutional demand trends, indicating that market fund momentum is still weak. Next week, the market will see several important releases of macroeconomic data and events, so whether institutional capital returns will need to be watched.
BTC-0.28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned