Analysis: On the macro level, BTC interest has dropped to an accumulation zone, aligning with position accumulation before another growth phase
ChainCatcher reported that CryptoQuant analyst Axel Adler Jr stated that the macro-level bitcoin heat has dropped to the bottom/accumulation area, indicating that speculative pressure has recently decreased. In a bull market, a decline in macro heat coincides with a period of position accumulation before the next growth phase. For a rebound to occur, volatility needs to decrease, and there should be no negative global triggers within a week.
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.
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