The failure to achieve profit targets for BTC on-chain may trigger further sell-offs.

Golden Finance reported that analyst Axel Adler Jr posted on X platform, stating that ordinary investors have now gained an unrealized profit of 84% from their BTC investments. The price is close to the average value of $52,200 (PR Bands) - this will reduce the unrealized profit by about 14%, and investors may choose to take profits due to concerns about further price declines. He also stated that the price level worth following at the moment is $46,400, which is the average buying price of BTC in the past year.

BTC-0.45%
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GateUser-fe25cb2cvip
· 2024-07-14 19:34
Buy the Dip 🤑
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