Analyst: Bitcoin Short-term buying momentum has cooled, and market momentum remains weak; it remains to be seen whether institutional funds will return.
Svmuu News: CryptoQuant analyst Axel Adler released a weekly analysis report. According to the “Bitcoin” model he developed—which measures the actual pressure on short-term holders—selling pressure from short-term holders is currently easing slightly, but buying pressure remains dominant.Meanwhile, following eight consecutive weeks of outflows, the ETF market recently recorded net inflows of approximately $197.4 million; however, this volume is insufficient to confirm a reversal in institutional demand trends, indicating that market momentum remains weak.Next week, the market will see the release of several key macroeconomic data points and events; whether institutional capital will return remains to be seen.
Source:Odaily · Source Link
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