Odaily News According to CryptoQuant analyst Axel Adler Jr, the high-level net UTXO supply ratio peaked at 0.96 on June 11 and fell back to 0.806 within 48 hours. If the ratio continues to be below 0.80 on a daily basis, a classic "buy signal" will be formed, and the $102-105K range may become the basis for a new round of rebound. However, if the BTC price falls below $100,000, selling pressure may intensify again.
Market dynamics:
Due to geopolitical tensions, crude oil and gold rose as safe-haven assets;
Stock markets fall after Israel launches preemptive strike on Iran;
Mainstream CEXs liquidated $360 million in long positions in the past 24 hours.