CryptoQuant: Bitcoin downside risks remain

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Cointime2024/01/18 07:06

By:Cointime

According to a report shared by on-chain analysis company CryptoQuant, there is still a risk of further downward movement for Bitcoin. CryptoQuant analysts state that some on-chain indicators still suggest that the price adjustment may not be over yet, or at least a new rebound has not yet occurred. Short-term traders and large Bitcoin holders continue to sell heavily in the context of a "risk-off" attitude. In addition, the unrealized profit margin has not yet dropped to the level that exhausts sellers.

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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