Analyst: The market is in a "recovery" phase, with sellers dominating the derivatives market
Show original
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.
0
0
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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$90,081.33
-2.63%
Ethereum
ETH
$3,197.37
-3.47%
Tether USDt
USDT
$1
-0.00%
XRP
XRP
$2
-3.98%
BNB
BNB
$869.3
-2.49%
USDC
USDC
$0.9999
-0.00%
Solana
SOL
$130.14
-5.86%
TRON
TRX
$0.2793
-0.89%
Dogecoin
DOGE
$0.1382
-6.12%
Cardano
ADA
$0.4310
-6.98%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now