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CryptoQuant Research Manager: If Bitcoin fails to quickly recover above $112,000, the next downside support level will be around $100,000

By: theblockbeats.news|2025/08/30 03:21:38

BlockBeats News, August 30th, CryptoQuant's Head of Research Julio Moreno posted on social media, stating that from a short-term valuation perspective, if Bitcoin fails to quickly reclaim the $11,200 level, the next support level will be around $10,000.

Trader Eugene: Currently not actively trading in the market, Bitcoin's breakout to the upside is a necessary condition for altcoin season.

Yesterday the US Bitcoin spot ETF experienced a net outflow of $1.267 billion