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Analyst: If Bitcoin Tests the $105,000 Range in the Short Term, It May Have an Impact on Leveraged Futures Traders
BlockBeats News, August 6th, CryptoQuant analyst CryptoMe stated that on-chain data shows that Bitcoin has a significant cost cluster around $105,000, including a UTxO wall, the average cost of 1-3 month old holdings, and the realized prices of short-term holders all concentrating at that level. The analysis pointed out that this is not a bearish signal; Bitcoin is expected to reach higher price levels in the medium to long term. However, if the price were to temporarily fall to this level, leveraged futures traders may face risks. It is recommended that investors appropriately reduce position risks and control volatility exposure.
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