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
New York man to pay $36 million for forex and crypto fraud
Cryptocurrency Statement from Visa: “The Future Will Be Different”
Visa's cryptocurrency manager, Cuy Sheffield, spoke about the future of the industry in his statement. Here are the details.
Will Altcoin Season Begin? Analytics Company Gives Its Opinion
Is there a possibility of a rally on the altcoin side after the FED makes a big interest rate cut? The analysis company shared.
Michael Saylor’s Bitcoin Claim Dropped Like a Bomb: “According to Credible Rumors…”
MicroStrategy board chairman Michael Saylor touched on a Bitcoin claim in his statement.
Trending news
MoreCrypto prices
More
