$BTW Why is the price fluctuating around 2.0u?
Looking at on-chain fund flows, a number of retail investors have started buying the dip around 2.0–2.10, providing some support for the price and slowing the short-term decline.
However, a pause in the decline does not mean the trend has reversed. The market still lacks strong signs of a rebound, and the price has yet to sustain an upward move. At the same time, on-chain data suggests that major holders are still gradually reducing their positions, indicating that selling pressure overhead has not yet fully dissipated.
In the short term, major holders appear to have little appetite for driving prices higher. Without new funds entering the market, prices may continue to move sideways with a weak bias, or even retest the support below.
$ARC #BTW
Looking at on-chain fund flows, a number of retail investors have started buying the dip around 2.0–2.10, providing some support for the price and slowing the short-term decline.
However, a pause in the decline does not mean the trend has reversed. The market still lacks strong signs of a rebound, and the price has yet to sustain an upward move. At the same time, on-chain data suggests that major holders are still gradually reducing their positions, indicating that selling pressure overhead has not yet fully dissipated.
In the short term, major holders appear to have little appetite for driving prices higher. Without new funds entering the market, prices may continue to move sideways with a weak bias, or even retest the support below.
$ARC #BTW