Analyst: The market is in a "recovery" phase, with sellers dominating the derivatives market
BlockBeats News, on August 31, CryptoQuant analyst Axel Adler Jr stated that the market has been in a "recovery" phase over the past week. Macroeconomic data and yields have suppressed risk appetite, derivatives indicate sellers are dominant, the on-chain environment is neutral to slightly weak, and the price of bitcoin has been suppressed to the lower band of the Bollinger Bands.
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
Bitwise XRP ETF will begin trading on the New York Stock Exchange today.
MegaETH will launch its pre-deposit cross-chain bridge on November 25, with a cap of 250 millions USD.
Trending news
MoreCrypto prices
More
