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- 🎉 Congratulations to the following users for winning in the #Gate CBO Kevin Lee# - 6/26 event!
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CryptoQuant Analyst: The Bitcoin range of 102000-105000 may become a new support, and if it falls below 100000, it may intensify selling pressure.
Odaily News According to CryptoQuant analyst Axel Adler Jr., after the advanced net UTXO supply ratio peaked at 0.96 on June 11, it fell back to 0.806 within 48 hours. If this ratio continues to remain below 0.80 on the daily chart, it will form a classic "buy signal," and the $102-105K range may become the foundation for a new rebound. However, if the BTC price falls below $100,000, selling pressure may intensify again. Market dynamics: Due to the tense geopolitical situation, crude oil and gold have risen as safe-haven assets; Israel's preemptive strike against Iran causes stock market to fall; Major CEXs liquidated $360 million in long positions in the last 24 hours.