Axel Adler Jr.: Stablecoins have flowed out of exchanges for 35 consecutive days, and bitcoin buying momentum is insufficient

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin is trading near $65,000, but two major capital flow indicators show weak market buying interest. Bitcoin's 30-day net flow is at a neutral level, lacking a strong outflow signal. Stablecoin net flow has been negative for 35 consecutive days, recently dropping below -$100 million, with stablecoins continuously leaving exchanges and the market lacking buying fuel. Bitcoin's neutral flow is not a bullish signal, and strong holders have not yet removed supply from exchanges. Improvement signals require stablecoin net flow to return to positive and for Bitcoin to see sustained outflows. If stablecoin outflows deepen, price pressure will intensify.