Analyst: The market is in a "recovery" phase, with sellers dominating the derivatives market
BlockBeats News, on August 31, CryptoQuant analyst Axel Adler Jr stated that the market has been in a "recovery" phase over the past week. Macroeconomic data and yields have suppressed risk appetite, derivatives indicate sellers are dominant, the on-chain environment is neutral to slightly weak, and the price of bitcoin has been suppressed to the lower band of the Bollinger Bands.
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