CryptoQuant analyst: SpaceX IPO affects Bitcoin repair and selling pressure

CryptoQuant analyst Axel Adler Jr stated that SpaceX's IPO has impacted the market, and Bitcoin is in a recovery phase after a low of $60000, but there is structural selling pressure. This week, there was a net outflow of 20900 BTC from the exchange, and the selling pressure has not fully eased. The short-term rebound is driven by short covering, short positions are liquidated, miners are under pressure, and the market is in a transitional state of repair and deleveraging.