Analyst: On-chain indicators show that BTC holders are currently at a loss, and the market is facing localized pressure
Analyst Axel Adler Jr posted on the X platform that the Bitcoin market is currently in a correction phase, having retraced 30% from its historical peak. The on-chain indicators STH SOPR and P/L Block indicate that market participants are realizing losses, and the current market is facing localized pressure.
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