TechFlow News, July 14, CryptoQuant analyst Axel Adler Jr stated that Bitcoin has been below the breakeven point for six consecutive weeks, and the unrealized profit/loss of short-term holders and long-term holders has contracted to −0.13. Although the market has rebounded from the June lows, the trend reversal has not yet been confirmed. The key to the future trend still lies in whether it can return above the breakeven point; if a breakthrough is achieved, the market condition may shift, while if it hits a new low, losses may deepen further.
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