#MarketPullback ¿Healthy correction or warning sign?
The crypto market has experienced a slight correction after reaching recent highs. Bitcoin (BTC) is currently trading around $94,313 USD, with a decline of 1.22% in the last 24 hours.
This pullback comes amid macroeconomic concerns, including trade tensions and restrictive monetary policies. Analysts from CryptoQuant note that only 24% of the circulating supply of BTC is in unrealized loss, which historically indicates early corrections rather than prolonged declines.
Additionally, Bitcoin's dominance has reached 64.98%, its highest level since 2021, which could signal a shift towards altcoins in the short term.
Are we facing a necessary pause before a new bullish impulse or the beginning of a more prolonged bearish trend?