According to Odaily Planet Daily, CryptoQuant analyst Axel Adler Jr pointed out that the advanced net UTXO supply ratio peaked at 0.96 on June 11 and fell 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 foundation 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 geopolitical tensions, crude oil and gold have risen as safe-haven assets; Israel's preemptive strike against Iran has caused the stock market to decline; mainstream CEXs liquidated $360 million in long positions over the past 24 hours.
