According to ChainCatcher, analyst Axel Adler Jr shared insights on the X platform, indicating that the Bitcoin market is currently experiencing a correction phase, having retreated 30% from its all-time high. On-chain indicators such as STH SOPR and P/L Block suggest that market participants are realizing losses, and the market is under localized pressure.
Bitcoin Market Faces Pressure Amid 30% Decline, Analyst Reports
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