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Analyst: On-chain data indicates that Bitcoin selling pressure is weakening, and the market is buying the dip
BlockBeats News, October 25th, CryptoQuant analyst Axel posted on social media that the Bitcoin Exchange Supply Ratio (30d MA) of profit-taking supply has rebounded from -12% to -6%, indicating that selling pressure is easing, and the market is seeing buying opportunities on dips. Although the current proportion of profitable coins is still lower than a month ago, the decline has significantly narrowed — the negative momentum is weakening.
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