TechFlow News, July 12: CryptoQuant analyst Axel Adler released a weekly analysis report. According to its Bitcoin Short-Term Holder Realized Pressure Model, the current buying and selling pressure of short-term holders is cooling slightly, but buyer strength remains dominant. Meanwhile, against the backdrop of 8 consecutive weeks of capital outflows, the ETF market recently recorded a net inflow of approximately $197.4 million, but this scale is insufficient to confirm a reversal in institutional demand trends, indicating that market capital momentum remains weak. The market will see the release of multiple important macroeconomic data and events next week, and whether institutional capital will return remains to be observed.
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