Mars Finance News, on April 1st, CryptoQuant researcher Alex posted data on social media, stating that the average daily selling pressure from mainstream trading platforms has sharply dropped from 81,000 BTC to 29,000 BTC. The market has entered an asymmetric demand phase, successfully digesting multiple rounds of profit-taking after breaking through the $100,000 mark. Currently, selling pressure is trending towards exhaustion, and buyers are showing composure at the current price level, laying the groundwork for a structural supply shortage. The period of April to May may form a consolidation range, becoming the "calm before the storm" prior to the next surge.
Analyst: BTC selling pressure has been exhausted, and a consolidation range will be formed in April and May
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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