Mars Finance News: CryptoQuant analyst Crazzyblockk points out that despite the Bitcoin price pullback, market risk remains high. Currently, only 24% of circulating supply is in an unrealized loss state, indicating that the market has not yet entered a high-confidence re-accumulation phase. Long-term holders absorbing downward pressure typically suggests prolonged consolidation or further volatility. It is recommended to remain cautious and wait for market structure and investor behavior to confirm the direction before making decisions.
CryptoQuant: BTC market risk remains high, with only 24% of circulating supply currently in unrealized loss state
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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