CryptoQuant: BTC monthly key support is $107,600, and the market is in a repair phase

CryptoQuant analyst Axel Adler Jr. stated that BTC's current price of $110,700 is slightly above the short-term holder realization price of $107,600, confirming a structural uptrend. The NUPL indicator, at 0.53, suggests the market is profitable but not extreme, suggesting further upside potential after consolidation.