Bitcoin Exchange Inflows Jump 50% vs February to 122,000 BTC, SOPR Drops to 0.99

According to CryptoQuant analyst Axel Adler Jr., Bitcoin exchange inflows have surged to an average of 122,000 BTC over 30 days, representing a 50% increase compared to February's selloff period and significantly above the annual baseline of 82,000 BTC. The metric is now approaching the upper band of 131,000 BTC. Over the same period, Bitcoin's price fell from $77,000–$78,000 to approximately $59,000.

The Spent Output Profit Ratio (SOPR) 30-day average has declined to 0.99, remaining below the critical 1.0 level and signaling that the market is realizing losses on average. Between May and July, the indicator fell below 1.0 on 37 out of 61 days, indicating sustained selling pressure combined with realized losses.