PANews, November 8: CryptoQuant analyst Axel Adler Jr. stated that since October 14, the CVD (Cumulative Volume Difference) has turned negative and declined to 105,300 BTC, indicating that active selling volume has exceeded active buying volume. During the same period, the price dropped from $84,000 to $76,000. Axel Adler Jr. noted that bears are exerting pressure on the market and continue to dominate.
CryptoQuant Analyst: Bears Continue to Dominate the BTC Market
PANewsShare
Summary
Since October 14, the BTC price has dropped from $84,000 to $76,000 as bearish pressure intensified. CryptoQuant analyst Axel Adler Jr. noted that the CVD reached 105,300 BTC, indicating that selling pressure has surpassed buying activity. Altcoins under observation may experience additional downward movement if BTC remains under pressure. Bears currently dominate the market, driving prices lower.
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