CryptoQuant: Old coins flowing into trading platforms increase or intensify supply pressure

According to CryptoQuant data, the number of Bitcoin inflows into trading platforms with holding periods of 3-6 months and 6-12 months has significantly increased, and the recent peak inflow is one of the largest in history, both occurring during periods of Bitcoin price decline. The large inflows of old holders are usually accompanied by selling activities, which may put pressure on market supply. Data shows that Bitcoin is trying to hold onto the key support area of $60000 to $62000. Although a short-term rebound has begun, market structure and on chain activity indicate that bulls still need to work hard to confirm a trend reversal.