[Analyst: Market in 'Recovery' Phase, Derivatives Market Dominated by Sellers] BlockBeats News, August 31, CryptoQuant analyst Axel Adler Jr stated in a post that the market has been in a 'recovery' mode over the past week. Macro data and yields have suppressed risk appetite, derivatives indicate sellers are dominant, and the on-chain context is neutral to slightly weak, with Bitcoin's price suppressed to the lower band of the Bollinger Bands.