Crypto Market Risk Remains Elevated Despite Bitcoin’s Decline

Despite Bitcoin’s price drop, CryptoQuant analysts highlight that the cryptocurrency market still carries significant risk. Their on-chain data reveals that only 24% of BTC’s circulating supply currently holds unrealized losses, a level historically associated with early-stage corrections rather than full-scale capitulation. Analysts suggest this low level suggests the market hasn’t yet entered a re-accumulation phase and a potential sustained rally is unlikely.