Bitcoin exchange inflows have surged 50% higher than February levels, reaching a 30-day average of 122,000 BTC, according to CryptoQuant analyst Axel Adler Jr. This increase surpasses the annual baseline of 82,000 BTC and approaches the upper band of 131,000 BTC. Concurrently, Bitcoin's price has dropped from $77,000–$78,000 to approximately $59,000. The Spent Output Profit Ratio (SOPR) remains below 1.0, indicating that the market is realizing losses. Over the past two months, SOPR has been under 1.0 for 37 out of 61 days, highlighting a sustained selling process rather than a brief stress event. For market stabilization, Adler suggests that SOPR must rise above 1.0 and exchange inflows should return to normal levels to alleviate supply pressure and improve sentiment.