35 Consecutive Days of Stablecoin Outflows Reflect Lack of Bitcoin Demand, Analysts Say

Exchange Flows Indicate Weak Demand

As of July 21st, Bitcoin (BTC) has been trading around $65,000. Analyst Axel Adler Jr. highlighted in his morning briefing that two indicators of exchange fund flows both point to a lack of buying demand.

Adler uses the net flow of Bitcoin and stablecoins moving in and out of exchanges to analyze the supply-demand balance...