#比特币价格走势分析 Bitcoin is now like a ticking time bomb, appearing stable but actually full of undercurrents. CryptoQuant's risk-averse model has approached a high-risk zone, and historical data tells us this usually means a pullback is imminent. The profit and loss score has dropped to -3, and the concentration of loss UTXOs is off the charts, which is a bear market signal.

Currently, a 32% pullback has not yet reached the panic sell-off level, but it has already exceeded the normal cycle's 20-25% pullback range. We are in the most awkward "middle ground"—neither extreme enough nor safe enough. As long as the macroeconomic conditions and on-chain indicators do not improve, even if the price is hovering around $90,000, the possibility of a fall remains very high.

This is actually an opportunity for the profit seekers. Under the expectation of a Bear Market, the interaction heat of new projects usually rises, as everyone is looking for new growth points. My advice is: while controlling risks, pay attention to the dynamics of new projects. There are several upcoming interactions on the airdrop map that can be strategically planned in advance to achieve more interactions during this volatility with minimal cost. Don't chase highs; what you should do is lay a solid foundation before the pullback arrives.