The risks of the cryptocurrency market remain high amid Bitcoin's withdrawal. Cryptocurrency analysts revealed that the risks of the cryptocurrency market are still 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 indicated that the unrealized loss reflects historical corrections at an early stage rather than a continuous decline. He also stated that the lack of widespread realization of losses suggests that the market has not yet entered a re-accumulation phase. The market risks remain high despite the drop in Bitcoin's price. The on-chain data analyst also suggested that investors need to stay on the sidelines and monitor the market structure as it 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.

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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.