Analyst: Market in 'Recovery' Phase, Derivatives Market Skewed to the Sell Side

BlockBeats News, August 31st, CryptoQuant analyst Axel Adler Jr posted that over the past week, the market has been in a "recovery" phase, with macro data and yields suppressing risk appetite, derivatives showing a seller's market, and on-chain activity remaining neutral to weak. The Bitcoin price has been suppressed to the lower Bollinger Band.