Woofun AI data shows that the 30-day average Bitcoin inflow to exchanges has reached 122,000 coins, a figure 50% higher than the February average of 80,000 and significantly above the annual baseline of 82,000. This volume approaches the upper range of 131,000 coins, coinciding with a price decline from the $77,000-$78,000 range to approximately $59,000.

The 30-day average SOPR has fallen to 0.99, remaining below the critical threshold of 1, which indicates that market participants are, on average, realizing losses. This metric was below 1 for 37 out of 61 days between May and July. The combination of elevated exchange inflows and negative SOPR suggests a continuous selling process rather than temporary pressure, with stabilization requiring SOPR to rise above 1 and inflows to return to normal levels.