Axel Adler Jr.: Capital inflows on the Bitcoin chain have turned positive, but demand intensity remains low

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's online traffic indicators improved in the second half of August, and the relative change in market value has turned positive for the first time since the end of May to+0.21%, synchronized with Bitcoin's rebound from the August low to $79100, and apparent demand exceeded new issuance for six consecutive days on the 30th. The current capital inflows rank at the lowest 3-4% among historical positive readings, while apparent demand ranks at the lowest 10% among observations above 1. Axel Adler Jr. pointed out that directional changes are more important than demand intensity, and if both indicators cannot continue to expand, the sustainability of the current rebound remains questionable.