PANews
PANews|Jul 01, 2026 06:13
[Analyst: Bitcoin Inflows to Exchanges Up 50% Compared to February, SOPR Remains Below 1.0] CryptoQuant analyst Axel Adler Jr. released a report indicating that the current Bitcoin market correction is more severe than in February. The 30-day average inflow of Bitcoin to exchanges has risen to 122,000 BTC, significantly higher than the annual baseline of 82,000 BTC and approximately 50% higher than the February sell-off average of around 80,000 BTC. It is now approaching the upper range of 131,000 BTC. During the same period, the price has dropped from $77,000-$78,000 to the current level of approximately $59,000. Meanwhile, the 30-day average SOPR (Spent Output Profit Ratio) has fallen to 0.99, remaining below the critical level of 1.0, indicating that the market is, on average, in a state of realized losses. From May to July, this metric was below 1.0 for 37 out of 61 days.
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