According to BlockBeats, CryptoQuant analyst Axel Adler Jr. stated that the market has been in a repair phase over the past week. Macroeconomic data and yields have suppressed risk appetite, with derivatives showing a seller's advantage. The on-chain background is neutrally weak, and the price of Bitcoin has been suppressed to the lower Bollinger Band.
Analyst Claims Bitcoin Price is Suppressed by Macroeconomic Data
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BTC
109,736.82
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