CryptoQuant Analyst: The Risk of Further Downside Pressure from Liquidation is Moderate

BlockBeats News, September 23rd, CryptoQuant analyst Axel Adler Jr tweeted, stating, "The risk of further downside pressure from liquidation is moderate. The net amount of liquidation is still negative around -40 million, reflecting continued long liquidation and maintaining downward pressure. However, the liquidation intensity Z-score (365 days) is neutral/medium, indicating that there is currently no systemic risk. The market is facing headwinds, but lacks the momentum for a deep sell-off triggered by liquidation."