PANews, May 24: CryptoQuant analyst Axel Adler Jr. noted that the structural bullish momentum for Bitcoin has disappeared amid a sharp deterioration in the macro environment, with the market entering a risk-off mode; a BTC rebound will require momentum to return to positive territory. He also stated that the macro analysis framework involving the U.S. Dollar Index, U.S. Treasury yields, and the VIX highlights that when the macro "coverage mode" is activated, even strong on-chain fundamentals may temporarily weaken. Additionally, data from the U.S. spot Bitcoin ETF dashboard shows current ETF fund flows at $362.8 million—significantly below the peak of $12.21 billion on December 2024, but above the trough of -$5.36 billion in November 2025—indicating the market is in a moderate accumulation phase.
Analyst: Bitcoin Enters Risk-Averse Mode Amid Deteriorating Macro Environment
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Summary
Bitcoin news indicates the market is shifting into risk-avoidance mode as macroeconomic conditions deteriorate, according to CryptoQuant’s Axel Adler Jr. He noted that Bitcoin’s bullish momentum has weakened, and a rebound is likely to occur only once positive momentum returns. Adler highlighted the U.S. dollar index, Treasury yields, and the VIX as key indicators influencing risk appetite. The U.S. spot Bitcoin ETF dashboard now shows a net inflow of $362.8 million, down from a peak of $13.21 billion in December 2024 but up from a low of -$5.36 billion in November 2025, signaling modest accumulation.
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