Analysts: On-chain data indicates that Bitcoin selling pressure is weakening, and the market is buying the dips.

On October 25, CryptoQuant analyst Axel posted on social media that the supply ratio of Bitcoin in profit (30-day change) has rebounded from -12% to -6%, indicating that selling pressure is weakening and the market is buying the dips. Although the proportion of profitable coins is still lower than a month ago, the decline has noticeably narrowed—negative momentum is weakening.

BTC0.34%
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