ChainCatcher news, according to analysis reports from foreign media, the recent weeks of sell-off led by technology stocks have injected panic into the buying-on-dips sentiment that has dominated most regions globally since the pandemic low, indicating that stock market return expectations will be significantly adjusted before the end of the year. Multiple market indicators are approaching bearish milestones as concerns grow that the global economy is beginning a major reset, with the U.S. possibly entering a recession, the Bank of Japan tightening policies leading to the collapse of yen carry trades, and escalating tensions in the Middle East. (Jin Ten)

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.