CryptoQuant: Bitcoin's new funds have significantly dried up, with short-term holdings decreasing by 800,000 coins
ChainCatcher news, according to CryptoQuant data, the Bitcoin market is experiencing a severe depletion of new capital inflows. The holdings of short-term holders have decreased from 5.3M Bitcoins on May 27 to the current 4.5M Bitcoins, a reduction of about 800,000 coins.
At the same time, the Bitcoin demand momentum indicator has fallen to a historical low of -2 million coins, indicating a significant decline in new investor interest in the market. This data, compared to the current high price of around $100,000, reflects that the market may face short-term adjustment pressure.
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