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📉 Bitcoin Market Still Risky Despite Price Correction – Analyst Warns
On April 15, PANews reported that CryptoQuant analyst Crazzyblockk believes the Bitcoin market remains risky even after the recent price correction.
🔍 Key Insights:
• Only 24% of the circulating BTC supply is currently in a state of unrealized loss.• This suggests the market has not yet entered a strong reaccumulation phase marked by high investor confidence.• Long-term holders are absorbing downward pressure, which usually signals a period of prolonged consolidation or potential continued volatility.
🚦 Investor Caution Advised:According to the analyst, it’s best to stay on the sidelines for now and wait for clear confirmation from market structure and investor behavior before making any big decisions.
🧠 Patience pays. In uncertain markets, waiting for strong signals can make all the difference.
#Bitcoin CryptoMarket #BTCAnalysis CryptoQuant #HODL MarketRisk #CryptoNews