! ! Just now! ! $BTC
A "gold pit" appeared in the Bitcoin market!
CryptoQuant data reveals: On-chain traders' realized profit and loss fell to -17%, the lowest point after the FTX crash, or it may indicate that the price is about to bottom out and rebound?
In the magnificent world of digital currency, a shocking news is like a lighthouse in the dark night, illuminating the direction of progress. On July 12, CryptoQuant authoritatively announced that the realized profit and loss of Bitcoin on-chain traders has fallen to a deep valley of -17%. This figure is shocking, and it also marks the tremendous pressure and test that the market has endured since the FTX crash.
However, the wheel of history always rolls forward, and every trough breeds new hope. CryptoQuant's profound insight reveals an important law: such a low point often indicates that the price is about to bottom out and rebound, just like the darkness before dawn, although it is palpitating, it also foreshadows the arrival of light.
At this moment, the Bitcoin market seems to be standing at a crossroads, with a bottomless "gold pit" on one side and a bottoming-out rebound path full of infinite possibilities on the other. Let us witness this historic moment together!
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