CryptoQuant: BTC market risk remains high, with only 24% of circulating supply currently in unrealized loss state

Odaily News CryptoQuant analyst Crazzyblockk pointed out that despite the correction in Bitcoin prices, market risks remain high. Currently, only 24% of the circulating supply is in an unrealized loss state, indicating that the market has not yet entered a high-confidence re-accumulation phase. Long-term holders absorb downward pressure, which usually indicates a long period of consolidation or further volatility. It is recommended to wait and see and wait for market structure and investor behavior to confirm the direction before making a decision.