Why is the crypto market down today
Market sentiment is still negative, and that’s keeping prices under pressure
According to CryptoQuant analyst Axel Adler Jr., future sentiment dropped to 40 percent and has only recovered to 48 percent. Since it’s still below 50, the market remains bearish
This shows traders are cautious, with more people shorting or waiting on the sidelines. There’s not much confidence in a quick rebound
Until sentiment improves, the market may stay slow and choppy
Stay patient and manage your risk wisely