[Analyst: Bitcoin Short-Term Buying Pressure Eases, Capital Momentum Remains Weak, Institutional Funds' Return Still Needs Observation] Deep Tide TechFlow reports that on July 12, CryptoQuant analyst Axel Adler released a weekly analysis report. According to his Bitcoin short-term holder actual pressure model, the current buying and selling pressure among short-term holders is slightly easing, but buying power remains dominant. Meanwhile, against the backdrop of eight consecutive weeks of capital outflows, the ETF market recently recorded a net inflow of approximately $197.4 million. However, this scale is insufficient to confirm a reversal in institutional demand trends, indicating that market capital momentum remains weak. Next week, the market will face the release of several important macroeconomic data and events, and whether institutional funds will return still requires observation.