BlockBeats news, on June 16, CryptoQuant analyst Axel Adler Jr stated that, 'In December 2024, when Bitcoin (BTC) trading prices are between $98,000 and $100,000, the daily inflow of USDT and USDC to all centralized exchanges (CEX) has reached a record high of $131 billion. By June, this figure has dropped to $70 billion per day — $5 billion lower than the 365-day average of $75 billion, and $61 billion lower than the peak.'
This suggests that, compared to the beginning of the year, the liquidity flowing into trading platforms has continued to slow down, although the current funding levels are still far higher than those at the beginning of the bull market.
This decline reflects the natural cooling process of the overheated market sentiment, while Bitcoin maintaining above $100,000 also indicates that market participants are willing to continue holding positions and reduce selling.
Currently, we are in the consolidation and bottoming phase before the next market cycle begins.
