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