Over the past 30 days, the Bitcoin market has shown a consistent trend of capital outflow. The total amount of investments withdrawn during this period has exceeded $2.6 billion, indicating a lack of interest from new participants even amidst the decline in the cryptocurrency’s value.
This is reported by Finway
CryptoQuant Analysis: Signs of a Bear Market
According to experts from CryptoQuant, the lack of fresh funds in the market increases the likelihood of a prolonged bearish trend. They emphasize that during corrections in a bullish trend, there is usually an influx of investments. The current situation, on the other hand, is characterized by capital outflow, which is typical for the early stages of a bear market.
“In the early stages of a bear market, weakness triggers outflow. Current indicators resemble periods following historical peaks when margin buyers exit, and the price moves through internal rotation rather than through net investments,” the experts noted.
Glassnode: Network Activity Increases, but Profitability Declines
The Glassnode platform also notes mixed signals from the Bitcoin blockchain. Despite the increase in fundamental activity, investor profitability and the volumes of internal flows remain low. This indicates that market participants are primarily engaged in internal asset rotation rather than attracting new capital.
Previously, Wintermute explained the reasons for the cryptocurrency market decline and predicted prolonged volatility. At the same time, futures data indicate a continued risk of further price decreases for Bitcoin, while large holders (whales) continue to accumulate it.