CryptoQuant analyst: Bitcoin 102,000-105,000 range may become new support, if it falls below $100,000, it may intensify selling pressure

Planet News: According to the analysis by CryptoQuant analyst Axel Adler Jr, the advanced net UTXO supply ratio reached a peak of 0.96 on June 11 and fell to 0.806 within 48 hours. If the ratio continues to be below 0.80 on the daily line, it will form a classic "buy signal", and the 102-105K USD range may become the basis for a new round of rebound. However, if BTC price breaks below $100,000, selling pressure may intensify again. In terms of market dynamics: due to tense geopolitical situations, oil and gold rose as safe-haven assets; Israel's preemptive strike against Iran led to stock market declines; major CEXs liquidated $360 million in long positions in the past 24 hours.