#DiversifyYourAssets Important Reminder:
Meme coins often do not have real technical utility and are inflated by media hype and community. Therefore:
✔️ Their profits can be massive.
❌ But they are also high risk. The risks in the cryptocurrency market remain high amidst Bitcoin's withdrawal.
Cryptocurrency analysts revealed that the risks in the cryptocurrency market remain high despite the drop in Bitcoin prices. On-chain data analysts also noted that only 24% of the circulating supply in $BTC
BTC
84,056.01
-1.13%
is in unrealized loss.
The analyst pointed out that the unrealized loss reflects historical corrections in the early stage rather than a continuous decline. He also stated that the lack of widespread realization of loss indicates that the market has not yet entered a re-accumulation phase.
Market risks remain high despite the decline in Bitcoin's price.
The on-chain data analyst also suggested the need for investors to remain vigilant and monitor how the market structure evolves due to current supply dynamics and low unrealized losses. He also urges market participants to allow price action and investor behavior to confirm the directional bias before making allocation decisions.
#NewsAboutCrypto
