Analyst: Bitcoin short-term buying cools down, capital momentum remains weak, institutional capital return still needs observation

Odaily Odaily Reports: CryptoQuant analyst Axel Adler has released a weekly analysis report. According to his constructed Bitcoin Short-Term Holder Realized Pressure Model, the buying and selling pressure from current short-term holders is slightly cooling, but buyer strength still maintains a lead. Meanwhile, against a backdrop of eight consecutive weeks of capital outflows, the ETF market recently recorded net inflows of approximately $197.4 million. However, this scale is insufficient to confirm a trend reversal in institutional demand, indicating that market capital momentum remains weak. With multiple key macroeconomic data releases and events scheduled for next week, whether institutional capital will return remains to be seen.