CryptoQuant Founder: If BTC price approaches key support levels, demand may rebound
CryptoQuant founder Ki Young Ju posted on platform X, stating that the net flow of BTC spot ETFs is slowing down. If the BTC price approaches a key support level, demand may rebound. The on-chain cost basis for new whales (mainly ETF buyers) is $56,000. In a bull market, pullbacks usually require around 30% maximum retracement, with a maximum loss of $51,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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