CryptoQuant analyst: Bitcoin hoarding whales may respond to panic, and the market may see a V-shaped rebound
On June 25th, CryptoQuant analyst Mignolet pointed out that according to the analysis of UTXO profit rate percentage during last year's consolidation phase, although the current Bitcoin price is in a consolidation phase, the UTXO profit rate percentage has clearly deviated from its low point. At this time, hoarding whales may react to market panic, indicating that the market may experience a V-shaped rebound.
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
CoinShares Sees Fourth Straight Week of Digital Asset Inflows
Bitcoin Surges, Pi and Altcoins See Significant Gains
Arbitrum Inflows Surge, Ethereum Sees Outflows
David Bailey’s Nakamoto Raises $710M for Bitcoin Firm
Trending news
MoreCrypto prices
More
