Analyst: If Bitcoin Tests the $105,000 Range Short-Term, It Could Impact Leveraged Futures Traders

BlockBeats News, August 6th, CryptoQuant analyst CryptoMe stated that on-chain data shows that Bitcoin has a significant on-chain cost cluster around $105,000, including UTxO walls, the average cost of holdings for 1-3 months, and the realized prices of short-term holders all concentrating at this level. The analysis pointed out that this is not a bearish signal; Bitcoin will reach higher price levels in the medium to long term. However, if the price were to temporarily fall to this level, leveraged futures traders may face risks. It is recommended that investors appropriately reduce position risk and control volatility exposure.