Analyst: BTC selling pressure has tended to exhaust, a consolidation range will form in April-May
Odaily Planet Daily reports that CryptoQuant researcher Alex has released data on X, stating that the daily selling pressure of mainstream trading platforms has plummeted from 81,000 BTC to 29,000 BTC. The market has entered a phase of demand asymmetry and after breaking through the $100,000 mark, it has successfully digested multiple rounds of profit-taking. Currently, the selling force is tending to be exhausted and buyers are calm about the current price level. This lays the groundwork for a structural supply shortage. April-May may form a consolidation range in preparation for the next outbreak.
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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