BEARISH 📉 : Bitcoin capital inflows drop $2.6 billion, demand declines

A dormant Bitcoin whale has moved 2,043 BTC after nearly seven years of inactivity. This transaction is valued at $140.8 million based on current rates.

The whale initially acquired these tokens on February 19th, 2019, and was once in possession of 39,000 BTC from Cumberland (OTC Trading Desk).
The reason for this sudden activity remains unclear, with possibilities ranging from market response to changes in wallet storage.

In another development, new investor capital inflows into Bitcoin have decreased significantly, as indicated by a recent CryptoQuant analysis. The 30-day cumulative capital netflow shows a negative value of -$2.6 billion, pointing to reduced demand from new investors.

This trend aligns with early bear market conditions, characterized by contracting liquidity and narrowing participation.

Currently, Bitcoin's price remains stable around $68,900, displaying sideways movement in recent days.