Bitcoin's Momentum Weakens as Liquidity Outflows Rise

Bitcoin has been struggling to maintain its upward momentum near the $80,000 mark. According to recent data, stablecoin outflows have risen, mirroring a similar pattern seen in January when a 15% price drop occurred. This decrease in liquidity is causing buying power to weaken, limiting the cryptocurrency's potential for further growth.

The flow structure has shifted since April 25, with consecutive stablecoin outflows ranging from $1.54 billion to $1.78 billion. This trend suggests that liquidity is leaving exchanges, which can negatively impact Bitcoin's price action. In contrast, during the April rally, Binance recorded steady stablecoin inflows, supporting accumulation and allowing the price to recover.

The disconnect between liquidity and conviction is also reflected in regulatory uncertainty, which continues to weigh on sentiment. The Coinbase Premium Index has remained mostly negative since 2025, indicating weak U.S. spot demand. Even during rallies towards $100,000-$120,000, the premium failed to sustain positive levels, suggesting that price strength relied on derivatives rather than real accumulation.