Analyst Says Bitcoin Conditions Are Worse Than February Correction

robot
Abstract generation in progress
On-chain analyst Axel Adler Jr. said Bitcoin market conditions are worse than during the February correction, with BTC deposits to exchanges at 122,000 BTC versus an annual average of 82,000 BTC. He said SOPR has fallen to 0.99, which indicates holders are selling BTC at a loss.
BTC3.16%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned