Analysts: $12 billion flowed out of the Bitcoin network in the past month, with loss-making transactions dominating the market.

CoinFeed reported on June 10th that CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's realized market capitalization 30-day change rate has fallen to -1.1%, marking the first time capital outflows have reached this level since mid-March. From its peak of approximately $1.087 trillion in mid-May, realized market capitalization has decreased by about $12 billion to $1.075 trillion. The contraction has accelerated significantly: the indicator was -0.15% on June 1st, falling to -1.1% by June 8th. During the same period, the price of BTC fell from $82,000 to $63,000, a drop of 23%. The current outflow rate is comparable to that at the start of the capitulation in March, when the indicator reached -2.4%, suggesting further room for deterioration.