📊👀 #BTC CQ: After a local peak of 0.96 on June 11, the Advanced Net Supply Index of UTXO dropped to about 0.806 in the next 48 hours. If the Index corrects below 0.80 on the daily chart and maintains that level, it is a classic "buy signal".
A base for a new micro-rally may form around $102,000 to $105,000. If the Index continues to fall and the BTC price drops below $100,000, selling pressure is likely to intensify again.