CryptoQuant: Bitcoin has fallen below a key support level, which may trigger a 8%-12% pullback

ChainCatcher news, according to The Block, CryptoQuant analysts stated that the Bitcoin price has fallen below the on-chain realized price of $65,800 for traders, which is a key support level for the bull market. As Bitcoin has broken through this critical price support level, it may indicate a pullback of 8%-12%, potentially leading the price down to $60,000.