Bitcoin's Weakening Momentum Raises Downside Risk

Bitcoin's recent price movements have been marked by a decline in momentum, with the cryptocurrency struggling to sustain its strength near the $80K level. According to data from CryptoQuant, the flow structure on Binance has shifted, with stablecoin netflows turning negative since April 25th.

This mirrors the January setup, where $3.2 billion in outflows preceded a 15% drop from $89.5K to $76K. As liquidity drains, buying power weakens, limiting upside continuation and making it challenging for Bitcoin to break through key resistance levels.