CryptoQuant analyst Axel Adler Jr. said that BTC the momentum indicator fell to 0, while the share of supply in profit declined to approximately 72%, but this remains insufficient to confirm a trend reversal.
CryptoQuant analyst Darkfost says BTC the short-term holder cost basis has crossed above the active long-term holder cost basis, which he interprets as strengthening market momentum. He also cautioned that the indicator may produce false signals.
