CryptoQuant Analyst: Bitcoin hoarding whales may be reacting to panic sentiment, and the market could see a V-shaped rebound

ChainCatcher message, CryptoQuant analyst Mignolet pointed out that based on the analysis of the UTXO profit rate percentage during last year's consolidation phase, although the current Bitcoin price is in a consolidation phase, the UTXO profit rate percentage has clearly deviated from the low point. At this time, hoarding whales may react to market panic, indicating that a V-shaped rebound may occur in the market.