[Analyst: Long-term held Bitcoin continues to flow back to CEX, making it difficult for Bitcoin to sustain a rebound trend] BlockBeats News, June 8, analyst Shayan cited CryptoQuant data, stating that the exchange inflow 'Spent Output Age Bands' chart shows a significant increase in the number of old coins being deposited into exchanges, particularly those held for 3-6 months and 6-12 months. The recent inflow peaks are among the largest visible on the chart and have all occurred during periods of sustained Bitcoin price declines. Historically, large inflows of old coins into exchanges often indicate intensified selling activity, as coins that have been dormant for months are moved to exchanges, likely to be sold. While a single peak does not necessarily signal further declines, repeated surges in inflows during a bearish market often reflect weakening confidence among holders. The latest data shows that mid-term holders have become increasingly active during the recent pullback. If these inflows persist, they will continue to create supply pressure, making it difficult for Bitcoin to achieve a sustained rebound in the short term. Overall, Bitcoin is attempting to hold the key support zone of $60,000-$62,000. Although a short-term rebound is already underway, both market structure and on-chain activity indicate that bulls still have significant work to do before confirming a broader trend reversal. [Original link]