Analyst: Selling pressure this week is at an extreme level within the cycle, but the rebound in BTC prices can be seen as a positive sign
2025/07/26 15:26
PANews reported on July 26 that CryptoQuant analyst Axel tweeted that in this bull cycle, only 12 weeks have seen the same or greater selling pressure as in the bull cycle, accounting for about 7.3% of the entire cycle. Therefore, in terms of selling volume, this week is one of the most extreme weeks in the 7% cycle, but the price has rebounded to $117,000, which in itself can be seen as a positive sign.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Hilbert Group and LDA Capital reach SEK 150 million financing agreement to support Bitcoin funding strategy
PANews reported on July 23 that according to NLNico , Sweden's Hilbert Group signed a 150 million Swedish kronor (about 15.8 million U.S. dollars) structured financing agreement with LDA Capital
Share
PANews2025/07/23 18:34
Archax acquires German digital asset firm DDA to expand European crypto ETP layout
PANews reported on July 22 that according to CoinDesk , British digital asset exchange Archax will acquire German regulated crypto asset management company Deutsche Digital Assets ( DDA ) to
Share
PANews2025/07/22 19:02
Canadian listed company Matador receives $100 million in financing to accelerate Bitcoin reserves
PANews reported on July 23 that Canadian listed company Matador Technologies Inc. (Toronto Stock Exchange code: MATA) announced that it has received $100 million in financing to accelerate the construction
Share
PANews2025/07/23 21:21