Lượng nạp bitcoin vào sàn giao dịch gần mức thấp nhiều năm, áp lực bán chưa xác nhận xu hướng giảm

The Huoxing Finance report states that on July 29, CryptoQuant analyst Axel Adler posted that Bitcoin is currently trading around $64,000, with price continuing to weaken; however, on-chain data shows that fund flows on exchanges remain neutral, with no clear signs of selling pressure. Bitcoin’s exchange inflows over the past 30 days total approximately 60,000 BTC, about 24% lower than the one-year average and nearing historical lows, indicating that potential selling supply entering exchanges has not increased. Meanwhile, exchange netflow stands at approximately -1,300 BTC, close to the zero line, suggesting inflows and outflows are roughly balanced—exchanges show neither significant accumulation nor large-scale withdrawals causing liquidity contraction. Axel Adler noted that if exchange inflows continue rising and netflow turns sustainably positive, it would signal increased selling pressure; conversely, if netflow remains negative and Bitcoin balances on exchanges decline noticeably, it could lead to liquidity contraction and provide price support. Currently, neither scenario has materialized—exchange fund flow data neither confirms stronger selling pressure nor creates a supply shortage sufficient to drive price upward.