Analysis: The adjustment of BTC price is a positive signal for the market, and there will be drastic fluctuations in the coming days
CryptoQuant contributor abramchart pointed out that the current price adjustment of Bitcoin is actually beneficial for the market. As of yesterday's close, the market loss was only 0.04%, which is close to the bottom level of previous historical cycles.
The market is now undergoing adjustments, and the loss rate may increase due to the current decline, which is a very good signal.
According to historical data, usually after the market bottoms out, there will be a period of price fluctuations before reaching its peak.
In short, according to this indicator, market sentiment remains positive but prices may fluctuate significantly in the next few days.
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.
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