CryptoQuant Analyst: The $102,000–$105,000 Range May Become New Support for Bitcoin, While a Drop Below $100,000 Could Intensify Selling Pressure

Odaily Planet Daily – According to CryptoQuant analyst Axel Adler Jr, the advanced net UTXO supply ratio peaked at 0.96 on June 11 and then fell back to 0.806 within 48 hours. If this ratio remains below 0.80 on the daily chart, it will form a classic "buy signal," and the $102,000–$105,000 range could serve as the foundation for a new round of rebound. However, if the BTC price falls below $100,000, selling pressure may intensify again.

In terms of market dynamics:
Due to heightened geopolitical tensions, crude oil and gold have risen as safe-haven assets; Israel's preemptive strike on Iran has led to a decline in the stock market; and mainstream CEXs have liquidated $360 million in long positions over the past 24 hours.