PANews reported on October 21st that according to CryptoQuant analyst Axel Adler Jr., the Bitcoin Futures Liquidity Index indicates that the market remains in a weak zone (<45). Bulls attempted to regain market control twice on October 13th and October 20th, but both attempts failed. The first attempt, while strong, quickly lost momentum, while the second lacked sustained momentum.
The current price is still below the 30-day fair value, futures liquidity is weak, and buyer initiative has significantly weakened, indicating that the market bulls are showing signs of fatigue.
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