Crypto Market Experiences Significant Bearish Pressure Amid Price Recovery

According to BlockBeats, CryptoQuant analyst Axel shared insights on social media regarding the current bull market cycle. He noted that only 12 weeks have experienced bearish pressure equal to or stronger than this week, accounting for approximately 7.3% of the entire cycle. Despite this extreme level of selling pressure, the price has rebounded to $117,000, which can be seen as a positive indicator.