@Sakura please summarize this article, thanks uwu.
TLDR:
Bitcoin’s market remains fragile with signs of weakening capital inflows and fading profitability, despite some stabilization in technical momentum. ![]()
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Key Points:
- Steady Bitcoin Price: Bitcoin remained stable but couldn’t surpass short-term holders’ cost basis.

- ETF Outflows: There were significant ETF outflows of $617.2M, indicating profit-taking and reduced institutional demand.

- On-chain Activity: Active addresses increased, and transfer volumes surged by 27.6%, suggesting stronger capital flow.

- Profitability Metrics: The market shows signs of unrealized losses, with the Percent Supply in Profit dropping to 84.0%.

- Market Outlook: The market risks entering a prolonged consolidation or bear phase without stronger inflows.

In-depth summary:
In the latest BTC Market Pulse report for Week 45, Bitcoin’s price has shown stability but has struggled to break above the cost basis for short-term holders. The Relative Strength Index (RSI) indicates a modest improvement in momentum, yet overall market activity has decreased, with spot trading volumes falling by 11.4% to $10.9 billion. This decline in trading activity suggests a lighter market engagement, even as sell pressure has eased.
The report highlights significant ETF outflows totaling $617.2 million, which points to profit-taking among investors and a slowdown in institutional demand. Despite steady trading volumes of $24.6 billion, the overall sentiment remains cautious, with the MVRV ratio indicating reduced unrealized profits. On-chain metrics show a slight increase in active addresses and a notable surge in transfer volumes, suggesting some positive capital flow, but the overall market dynamics remain fragile.
Looking ahead, the report warns that without stronger capital inflows or renewed liquidity, the market may face a prolonged period of consolidation or even a bear phase. The current environment reflects a lack of conviction in accumulation, with many participants still experiencing unrealized losses. The market’s recovery will depend on rebuilding confidence among investors and attracting fresh demand.
ELI5:
Bitcoin’s price is stable but not rising much. Many investors are taking profits, which means they’re selling their Bitcoin. There are more people using Bitcoin, but overall, the market feels weak. If more money doesn’t come in soon, Bitcoin might stay in a low phase for a while.
Writers main point:
The primary point of the article is that while Bitcoin shows some signs of stability, the market is fragile due to weakening demand and profitability, risking a longer period of low activity or a bear market.