According to the latest report by CryptoQuant, which provides on-chain data analysis for cryptocurrencies, Bitcoin is currently seeing a net withdrawal from the market instead of new capital inflows. This situation stands out as a situation that has often been encountered in the past in the early stages of a bear market. Experts point out that the current trend may be an indicator of an early-stage correction process rather than a more permanent upward movement.
Negative Outlook for Capital Flow
One of the highlights of the report was the change in the behavior of new investors entering the market rather than the price level. The cumulative new money flow over the last 30 days has clearly moved into negative territory on the chart. This shows that the recent sales pressure continues without creating fresh demand in the market.
Short-Term Flow Data and Market Cycle
30-day new investor inflows currently stand at approximately -$2.6 billion. In other words, capital leaving the market in the last month significantly exceeded those entering. This picture clearly differs from the behavior observed in previous uptrend periods. In past bull cycles, declines in prices often caused the market to attract new capital and increase investor interest.
In the current cycle, such vitality is not observed and despite the reactions in prices, there is no significant revival in investor interest. The data reflects reluctance among marginal buyers and opportunity buying remains weak.
Market experts say that a weakening in a bull market is usually offset by increased participation; On the other hand, he states that in the beginning of the bear market, as the price decreases, the exit from the market accelerates. Latest data show that there is a similar trend to past post-peak periods and that liquidity is decreasing in this environment.
It is emphasized that at these stages, price movements are generally shaped by the exchange of funds among existing investors and there is no new demand from outside.
Liquidity Problem and Possible Consequences
The lack of new capital inflow to the market limits the sustainability of upward movements. In CryptoQuant’s analysis, it is stated that a permanent recovery in pricing will become difficult as the negative trend in new investor flow continues. According to analysis, the re-emergence of positive new money inflows into the market may mean that confidence has been restored and external participation has begun.
However, in the current situation, experts emphasize that the data supports a cautious position and point out that positive price movements should be supported by new investor interest.
