Bitcoin entered a zone of deep stress: the SSRR indicator turned red for the first time this cycle
The Adjusted Sell-side Risk Ratio (SSRR) indicator moved into the "red zone" for the first time since the previous cycle during bitcoin's drop to $60,000. At the same time, the CVDD model points to a structural cycle bottom at around $48,000, forming the key lower boundary of the current market range for bitcoin. This was reported by CryptoQuant. https://x.com/AxelAdlerJr/status/2066785893453639901 The market is entering a zone of "deep stress": […]
Source: CryptoTech
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