CryptoQuant: Bitcoin Short-Term Holders' Buying Pressure Leads, ETF Fund Inflows Insufficient to Confirm Trend Reversal

CryptoQuant analyst Axel Adler stated that the buying and selling pressure from short-term Bitcoin holders has slightly cooled, but buying power remains dominant. The latest actual pressure model for short-term Bitcoin holders shows a buying pressure score of 28.57 and a selling pressure score of 22.62, with buyers leading sellers by approximately 5.94 percentage points. Overall market buying pressure has cooled, but short-term holders still maintain a buying advantage. The Bitcoin ETF market has seen a slight improvement in fund conditions, recently recording a net inflow of about $197.4 million, but this scale is insufficient to confirm a reversal in institutional demand trends. Currently, the ETF's 30-day fund flow momentum stands at -$4.73 billion, with cumulative fund size retreating from a peak of approximately $62 billion to about $51 billion, indicating short-term fund improvement but that institutional buying demand has not yet recovered. Axel Adler expects several important data and events next week, including developments in the Middle East, the impact of the US-Iran conflict on energy supplies, as well as earnings reports from major US banks, remarks from Federal Reserve Chairman Warsh, the June Consumer Price Index (CPI), the University of Michigan Consumer Sentiment Index, retail sales, and real estate market data.

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