Analyst: On-chain indicators show BTC holders are currently at a loss, and the market is facing localized pressure
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According to ChainCatcher, analyst Axel Adler Jr posted on X that the bitcoin market is currently in a correction phase, having pulled back 30% from its all-time high. Two on-chain indicators, STH SOPR and P/L Block, show that market participants are realizing losses, and the current market is facing localized pressure.
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