Data: The supply-demand imbalance of Bitcoin and Ethereum has intensified again, and market liquidity has stagnated.

According to ChainCatcher, on-chain data indicates that the current market situation is almost identical to when bitcoin broke through $100,000. Buy-side liquidity is drying up, and the existing liquidity is only circulating within the market rather than expanding; in short, liquidity has stagnated. Without new capital inflows, the supply and demand imbalance cannot be resolved.