Glassnode analyst: BTC price must leave the $60,000 range to reinvigorate active trading

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Odaily Planet Daily News Glassnode's chief analyst James Check said that holders are in a slump, and traders need to break through the low range of $60,000 to reignite activity. He pointed out that the BTC seller risk ratio has "far entered the low Liquidity area." Check explained, "the vast majority of on-chain circulation of currency will not bring huge profits, nor will it bring huge losses." During the period of BTC price consolidation, experienced traders usually temporarily hold off, waiting for clearer price action signals, and then take the next step.

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