Analysis: On the macro level, BTC interest has dropped to an accumulation zone, aligning with position accumulation before another growth phase
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
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.
0
0
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.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Crypto prices
MoreBitcoin
BTC
$82,005.04
+0.56%
Ethereum
ETH
$2,416.61
-0.83%
Tether USDt
USDT
$0.9987
+0.01%
BNB
BNB
$722.24
+0.23%
XRP
XRP
$1.3
-0.83%
USDC
USDC
$0.9998
-0.01%
Solana
SOL
$103.96
-0.77%
TRON
TRX
$0.3329
-0.90%
Hyperliquid
HYPE
$78.91
-1.03%
Zcash
ZEC
$1,129.58
-4.15%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now


