CryptoQuant: Bitcoin downside risks remain
According to a report shared by on-chain analysis company CryptoQuant, there is still a risk of further downward movement for Bitcoin. CryptoQuant analysts state that some on-chain indicators still suggest that the price adjustment may not be over yet, or at least a new rebound has not yet occurred. Short-term traders and large Bitcoin holders continue to sell heavily in the context of a "risk-off" attitude. In addition, the unrealized profit margin has not yet dropped to the level that exhausts sellers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x DGAI: Trade to share 60,000 USDT
CandyBomb x DEBIT: Trade to share 45,000 USDT
Bitget Will Support the BounceBit (BB) Contract Swap
Hold USDGO for dual perks, earn up to 30%+ APR!
Crypto prices
More
