Axel Adler Jr.: Stablecoins have been flowing out of exchanges for 35 consecutive days, and there is a lack of buying momentum for Bitcoin

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin is trading around $65000, but two major cash flow indicators indicate weak market buying. Bitcoin's net traffic on the 30th was at a neutral level, lacking deep outflow signals. The net flow of stablecoins has been negative for 35 consecutive days, recently falling below -100 million US dollars. The exchange's stablecoins continue to flow, and the market lacks purchasing fuel. Bitcoin neutral traffic is not a bullish signal, and strong holders have not yet removed supply from the exchange. Improving the signal requires waiting for the net traffic of stablecoins to return to positive values, while Bitcoin continues to flow out. If the outflow of stablecoins deepens, price pressure will intensify.