CryptoQuant: Bitcoin fell at the end of July due to insufficient liquidity, fluctuations in ETF demand, and weak accumulation.

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PANews, August 5th news, according to CryptoQuant analyst Arab Chain analysis, Bitcoin's fall at the end of July was mainly influenced by three major factors: first, the liquidity inventory ratio began to decline rapidly from mid-July to only a three-month historical low, making the market fragile due to insufficient liquidity, unable to absorb sell orders leading to price declines; second, ETF demand fluctuated violently, with unstable capital inflow and lack of alternative demand, weakening price support; third, the accumulation of smart addresses was slow and limited, failing to provide enough support during market weakness. Overall, the Bitcoin market has fallen into a fragile state due to liquidity crisis and insufficient demand, with prices under downward pressure.

BTC-1.8%
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