Bitcoin STH Buying Pressure Still Leads But Cools; ETF Inflows of $197.4M Not Enough to Confirm Trend Reversal

BTC-0.43%
According to CryptoQuant analyst Axel Adler on July 12, the Bitcoin short-term holder (STH) Realized Pressure Model shows buying pressure slightly easing but remaining ahead of selling pressure. The latest hourly data indicates STH buying pressure at 28.57, down from 28.98 a day prior, while selling pressure at 22.62, down from 22.68. Buyers maintain a lead of approximately 5.94 percentage points. Bitcoin ETF markets recorded approximately $197.4 million in net inflows recently, following eight consecutive weeks of outflows. However, Adler noted this inflow is insufficient to confirm institutional demand has reversed. The 30-day fund flow momentum remains deeply negative at approximately negative $4.73 billion, with cumulative assets declining from a peak of roughly $62 billion to approximately $51 billion.
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