According to Odaily Planet Daily, CryptoQuant analyst Axel Adler Jr pointed out that after the senior net UTXO supply ratio peaked at 0.96 on June 11, it fell back to 0.806 within 48 hours. If this ratio remains below 0.80 on a daily basis, it will form a classic 'buy signal', and the $102-105K range may become the basis 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 tense geopolitical situations, crude oil and gold have risen as safe-haven assets; Israel's preemptive strike against Iran has led to a decline in the stock market; mainstream CEXs liquidated $360 million in long positions in the past 24 hours.
