🐻 CryptoQuant warns of the risk of further correction of #BTC …

CryptoQuant analysts note that most bitcoin holders are now in the red, on-chain metrics are not improving, pressure is also created by a macrophone and weak liquidity.

According to their estimates, the current drawdown has already reached 32%. It can be both a local bottom - by analogy with 2021, and the beginning of a deeper bearish stage, as in 2022.

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