ANALYSIS: Bitcoin's Short-Term Demand Momentum Continues to Weaken as Active Capital Indicator Falls 66.7% from Last December's Peak
Bitcoin's short-term demand momentum continues to wane, according to data released by glassnode on the X platform. A key indicator shows that “Hot Capital” (capital re-entered the market in the last 7 days) has fallen a whopping 66.7% to $32 billion from a peak of $96.2 billion on December 12th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
RootData: BIO will unlock tokens worth about $1 million in one week
Crypto prices
More
