Analyst: On-chain data indicates that bitcoin selling pressure is easing and the market is buying the dip
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ChainCatcher news, CryptoQuant analyst Axel posted on social media that the proportion of bitcoin supply in profit (30-day change) has rebounded from -12% to -6%, indicating that selling pressure is weakening and the market is buying the dip.
Although the current proportion of profitable coins is still lower than the level a month ago, the decline has significantly narrowed—negative momentum is weakening.
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