CryptoQuant analyst: Bitcoin 102,000-105,000 range may become new support, if it falls below $100,000, it may intensify selling
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币界网报道：According to CryptoQuant analyst Axel Adler Jr, the senior net UTXO supply ratio peaked at 0.96 on June 11 and fell back to 0.806 within 48 hours. If the ratio continues to be below 0.80 on a daily basis, it will form a classic "buy signal", and the $102-105K range may become the basis for a new round of rebound. However, if the BTC price falls below $100,000, the selling pressure may increase again. Market dynamics: Due to geopolitical tensions, crude oil and gold have risen as safe-haven assets; Israel's preemptive strike on Iran has caused the stock market to fall; Mainstream CEX has liquidated $360 million in long positions in the past 24 hours.
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