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Analyst: Selling pressure this week reaches extreme levels within the cycle, but stable BTC price seen as positive signal
Summary: In a recent tweet, CryptoQuant analyst Axel stated that in this bull market cycle, only 12 weeks have seen equal or stronger bearish selling pressure, accounting for about 7.3% of the entire cycle. This indicates that the selling volume this week is at an extreme level ranking in the top 7% historically, but the price ...
In a recent tweet, CryptoQuant analyst Axel stated that in this bull market cycle, only 12 weeks have seen equal or stronger bearish selling pressure, accounting for about 7.3% of the entire cycle. This indicates that the selling volume this week is at an extreme level ranking in the top 7% historically, but the price has rebounded to $11,700 - a fact that can be seen as a positive signal.
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Link: Analyst: Selling pressure this week reaches extreme levels within the cycle, but stable BTC price seen as positive signal [Copy]
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Link: Analyst: Selling pressure this week reaches extreme levels within the cycle, but stable BTC price seen as positive signal [Copy]
