CryptoQuant analyst: Bitcoin 102000-105000 range may form new support, if it falls below $100000, it may intensify selling pressure

Odaily Planet Daily News: According to CryptoQuant analyst Axel Adler Jr, the senior net UTXO supply ratio peaked at 0.96 on June 11 and fell back to 0.806 within 48 hours. If the daily chart of this ratio continues to be below 0.80, it will form a classic "buy signal", and the 102-105K USD range may become the basis for a new round of rebound. But if the BTC price falls below $100000, selling pressure may intensify again. In terms of market dynamics: Due to the tense geopolitical situation, crude oil and gold have risen as safe haven assets; Israel's preemptive strike against Iran led to a decline in the stock market; Mainstream CEX cleared $360 million long positions in the past 24 hours.