CryptoQuant analyst: Bitcoin hoarding whales may respond to panic, and the market may see a V-shaped rebound

Odaily News CryptoQuant analyst Mignolet pointed out that according to the UTXO profitability percentage analysis during the consolidation phase last year, although the current Bitcoin price is in a consolidation phase, the UTXO profitability percentage is clearly off the low point. At this time, whales holding coins may respond to market panic, indicating that the market may see a V-shaped rebound.