Axel Adler Jr.: Bitcoin's second wave of panic selling intensity is only half of what it was in February

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin is experiencing its second round of panic selling this year, with the current 30 day average profit to loss ratio dropping to around 0.28, putting it under surrender pressure. In the first round of panic in February, the peak loss was about 2.6 billion US dollars, and in the second round of panic in early June, the peak was about 1.4 billion US dollars, which has fallen back to about 558 million US dollars.