CryptoQuant analyst: Bitcoin hoarding whales may respond to panic, and the market may see a V-shaped rebound
On June 25th, CryptoQuant analyst Mignolet pointed out that according to the analysis of UTXO profit rate percentage during last year's consolidation phase, although the current Bitcoin price is in a consolidation phase, the UTXO profit rate percentage has clearly deviated from its low point. At this time, hoarding whales may react to market panic, indicating that the market may experience a V-shaped rebound.
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