[Analyst: Stablecoins Flowing Out of Exchanges for 35 Consecutive Days, Lack of Buying Momentum] CryptoQuant analyst Axel Adler Jr. stated that Bitcoin is currently trading near $65,000, but two major capital flow indicators show weak buying momentum in the market. Bitcoin's 30-day net flow is near neutral levels, slightly positive, lacking the deep outflow signals seen during the accumulation phases at the bottoms of 2023 and 2024, indicating that large-scale hoarding has not yet occurred. Stablecoin net flow has been negative for 35 consecutive days, recently dropping below -$100 million, suggesting a continued outflow of stablecoins from exchanges and a lack of purchasing fuel in the market. The analyst pointed out that Bitcoin's neutral flow is not itself a bullish signal— the lack of deep outflows means strong holders have not yet removed supply from exchanges. A signal of improvement would require stablecoin net flow to return to positive territory, along with sustained Bitcoin outflows. If stablecoin outflows deepen further, price pressure will intensify.