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CryptoQuant: Bitcoin's new inflows dry up, demand momentum hits record low

According to CryptoQuant data, the bitcoin market is experiencing a serious drying up of new capital inflows. Short-term holder holdings have fallen from 5.30 million bitcoins on May 27 to 4.50 million bitcoins currently, a decrease of about 800,000. At the same time, the bitcoin demand momentum indicator fell to an all-time low of -2 million, indicating a significant drop in new investor interest in the market. This data compared to the current high price of about $100,000 reflects that the market may face short-term correction pressure.