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Analyst: Market in 'Recovery' Phase, Derivatives Market Skewed to the Sell Side
By: theblockbeats.news|2025/08/31 13:22:19
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.
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The high-profile Bitcoin whale who swapped ETH has sold 34,110 BTC over the past 11 days and bought 813,298.84 ETH.
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