Analyst: If Bitcoin tests the $105,000 range in the short term, it may impact leveraged futures traders

BlockBeats News, August 6, CryptoQuant analyst CryptoMe stated that on-chain data shows a significant cost concentration for Bitcoin around $105,000, including UTxO walls, average costs for positions held for 1-3 months, and the realized prices for short-term holders are all concentrated at this level. The analysis pointed out that this is not a bear market signal, and Bitcoin is expected to reach higher price levels in the medium to long term. However, if the price temporarily falls back to this level, leveraged futures traders may face risks, and it is advisable for investors to appropriately reduce position risks and control volatility exposure.