#比特币市场动态 On-chain capital inflow is weakening? This is the real shakeout, brothers! 🔥

CryptoQuant's data shows that BTC demand growth is slowing down. The three waves of spot ETFs, the upcoming election, and treasury companies have basically been exhausted. Perpetual futures funding rates have dropped to their lowest since December 2023, indicating a clear decline in bullish sentiment. Technical analysis also broke below the 365-day moving average, which is the dividing line between bull and bear markets.

But this is an opportunity! Santiment says there isn't enough panic yet, meaning the bottom hasn't been reached. Some predict it could fall to 75,000, leaving room for further decline. The medium-term support level is around 70,000, which are critical points—whether they can hold depends on the market.

The most outrageous claim is that the bear market correction is only 55%, the smallest in history. Anyway, a market sentiment recovery like this takes months; in the short term, we still need to wait and see. Chasing the high now only traps yourself; better to hold onto spot holdings or wait for a better entry point 💎