[Axel Adler Jr.: High Net Outflow of Bitcoin from Exchanges, Insufficient Strength in Futures Long Positions] CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's price is hovering around $83,000, with the daily average net outflow of Bitcoin from exchanges reaching 16,100 coins, marking the highest level since October 2025. The 30-day moving average of the Bitcoin holding index has dropped to -1.4 and has remained below the zero axis for six consecutive days. In the perpetual contracts market, long positions have not gained a dominant advantage. There is a divergence between the outflow of spot tokens and the lack of buying power in the futures market.