Axel Adler Jr.: The second wave of bitcoin panic selling is only half as intense as that of February
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CryptoQuant analyst Axel Adler Jr. stated that Bitcoin is experiencing its second round of panic selling this year, with the current 30-day average profit and loss ratio dropping to around 0.28, indicating it is in the capitulation pressure zone. During the first round of panic in February, realized losses peaked at around $2.6 billion; in early June, the second round peaked at around $1.4 billion and has now fallen back to about $558 million.
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