The inflow of Bitcoin on the exchange has increased by 50% compared to February, and the SOPR remains below 1.0

CryptoQuant analyst Axel Adler Jr. pointed out that the average inflow of Bitcoin on the exchange has risen to 122000 coins over the past 30 days, which is about 50% higher than the average during the February sell-off period and is approaching the upper bound range of 131000 coins. During the same period, the price of Bitcoin fell from $77000 to $78000 to approximately $59000. The SOPR 30 day average has dropped to 0.99, consistently below the critical level of 1.0, and the market is on average in a state of loss realization. During the period from May to July, the SOPR index was below 1.0 for 37 out of 61 days.