Murphy: BTC panic market continues to release since June

Crypto analyst Murphy stated that based on the net position data of BTC's realized market value (RC) on the 7th, panic trading has been continuously released since June. Negative RC depth indicates that a large number of chips are moving in a loss making state, which is a characteristic of terminal surrender. The surrender and absorption of the previous cycle lasted for 261 days, and this cycle has seen this phenomenon for 177 days since January of this year.