Analyst: Exchange Bitcoin Inflows 50% Higher Than February, SOPR Continues Below 1.0

CoinFeed July 1 news, CryptoQuant analyst Axel Adler Jr. released a report stating that the current Bitcoin market correction is more severe than in February. The 30-day average Bitcoin inflow to exchanges has risen to 122,000 BTC, far exceeding the annual baseline of 82,000 BTC, about 50% higher than the average of about 80,000 BTC during the February sell-off, and approaching the upper range of 131,000 BTC. Over the same period, the price dropped from $77,000-$78,000 to the current approximately $59,000. Meanwhile, the 30-day average SOPR (Spent Output Profit Ratio) has fallen to 0.99, consistently below the key level of 1.0, indicating the market is in an average state of loss realization. During May to July, this indicator was below 1.0 on 37 out of 61 days.