Analyst warns against confirming Bitcoin trend reversal

Analyst Axel Adler Jr. states it is too early to confirm a trend reversal for Bitcoin despite some positive on-chain signals. He noted that buying pressure from short-term holders, those holding for less than 155 days, is slightly outpacing selling pressure, but a broader recovery remains uncertain. Adler highlighted a minor net inflow into spot ETFs after eight consecutive weeks of outflows. However, he cautioned that with major economic indicators expected this week and overall ETF flows for the past month still negative, it is difficult to assert that the trend has reversed.

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