📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Analysts: Some investors may take profits as Bitcoin approaches $110,000, triggering a short-term pullback.
BlockBeats News, on June 17, CryptoQuant analyst Axel Adler Jr posted, "The MVRV Z-score is currently at a mildly positive level (+0.6), indicating that the market has some buying power, but there are no signs of overheating yet." A high percentage of short-term holders' profits of 83% means that most short-term investors are currently profitable, which may trigger some profit-taking, but as long as this has not happened, it is still a positive sign. The current price is stuck in a range of $110,000 to $104,000, and short-term holders remain confident that the market will rise in the future. The market is still in a bullish trend, with overall valuations moderately overbought, and short-term holders showing strong interest. The high percentage of short-term holders' profits means that some investors may take profits when the price is close to $110,000, triggering a short-term pullback." Indicator Explanation: MVRV Z-score value 0 indicates a neutral valuation, and ±1 represents an extreme level.