Julio Moreno: There is no surrender style selling of data on the Bitcoin chain, and the market is facing a pullback or decline

CryptoQuant analyst Julio Moreno stated that there are no signs of surrender style selling of data on the Bitcoin chain. In the past year, Bitcoin holders have incurred losses of approximately 136000 bitcoins, while annual realized losses typically reach 1.3 to 3.7 million bitcoins during historical periods when Bitcoin prices hit bottom. The market is in a mild correction stage or facing downward space.