CryptoQuant analyst: Bitcoin rebound faces four pressures

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Axel Adler, an analyst with CryptoQuant, said that the yield of the US 10-year treasury bond bond rose to about 4.7%, and the high interest rate environment increased the pressure on risky assets. BTC rebounded from around $59000 to nearly $66000 before falling back to around $64300, with the market facing four risks: significant volatility compression, weak demand in the US spot market, insufficient buying liquidity, and sustained losses for investors. In addition, MicroStrategy founder Michael Thaler has not recently made large-scale purchases of Bitcoin, but has published articles to construct a theoretical framework for Bitcoin.

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