On August 31, CryptoQuant analyst Axel Adler Jr published an article stating that the market has been in a "repair" phase over the past week, with macro data and yields suppressing risk appetite, derivations indicating a seller's advantage, on-chain background being neutrally weak, and Bitcoin price being suppressed to the lower band of the Bollinger Bands.
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Analyst: The market is in the "repair" phase, and the sellers dominate the derivation market.
On August 31, CryptoQuant analyst Axel Adler Jr published an article stating that the market has been in a "repair" phase over the past week, with macro data and yields suppressing risk appetite, derivations indicating a seller's advantage, on-chain background being neutrally weak, and Bitcoin price being suppressed to the lower band of the Bollinger Bands.