Bitcoin Faces Ongoing Capital Outflows as 7-Day Net Flow Holds at −$160M in Late December

According to analysis by Axel Adler Jr., the Bitcoin network is currently experiencing sustained capital outflows, with the 7-day net flow average stuck at −$160M despite some positive daily readings around December 20–25. Elevated supply activity over the last 180 days, combined with predominantly loss-making sales, keeps the market in a risk-off regime until the 7-day moving average of net flows recovers to at least zero.