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TechFlow reports, on November 12, CryptoQuant CEO Ki Young Ju stated that Bitcoin is currently in a price discovery phase. Due to lack of consensus on support and resistance levels, the order book is often thin. This led to frequent price fluctuations during the previous bull market, and the current situation is similar.
CryptoQuant CEO Ki Young Ju tweeted that Bitcoin is currently in a price discovery phase, with the order book typically thin due to a lack of consensus on support and resistance levels. This led to frequent price swings during the previous bull market, and the situation is now similar.
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