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Analyst: Bitcoin Testing $105,000 Range in Short Term May Impact Leveraged Futures Traders
Summary: According to CryptoQuant analyst CryptoMe, on-chain data shows a significant cost cluster around $105,000 for Bitcoin, including UTxO walls, average costs of 1-3 month holders, and realized prices of short-term holders all concentrated at this level. The analysis indicates this is not a bearish signal, as Bitcoin is expected to reach higher price levels in ...
According to CryptoQuant analyst CryptoMe, on-chain data shows a significant cost cluster around $105,000 for Bitcoin, including UTxO walls, average costs of 1-3 month holders, and realized prices of short-term holders all concentrated at this level. The analysis indicates this is not a bearish signal, as Bitcoin is expected to reach higher price levels in the medium to long term. However, if the price falls to this level in the short term, leveraged futures traders may face risks. Investors are advised to appropriately reduce position risks and control volatility exposure.
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Link: Analyst: Bitcoin Testing $105,000 Range in Short Term May Impact Leveraged Futures Traders [Copy]
