According to CryptoQuant, the latest decline of #Bitcoin has highlighted a historic benchmark level at US$74,500. CryptoQuant compares pullbacks during broad upward phases and points to two buying levels if selling continues: an initial zone for staggered purchases around US$80,000, and another, deeper zone in the US$74,000–US$75,000 range.
Declines of this magnitude are common during Bitcoin bull cycles and often help flush out excessive leverage from the futures market. In highly volatile conditions, many investors opt for scheduled accumulation strategies rather than making one-off investments, thereby reducing the risk of buying at false support.
Declines of this magnitude are common during Bitcoin bull cycles and often help flush out excessive leverage from the futures market. In highly volatile conditions, many investors opt for scheduled accumulation strategies rather than making one-off investments, thereby reducing the risk of buying at false support.