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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-market-sees-notable-decline" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Market Sees Notable Decline</a><br></p>
<p style="text-align: justify">The cryptocurrency market is experiencing a profound downturn, with <a href="https://en.bitcoinhaber.net/bitcoins-steady-performance-contrasts-with-rising-altcoins" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value plummeting to $61,000. Prominent market figures have been vocal about the current state of cryptocurrencies, providing insights and analysis. The downturn is marked by a significant shift in market behavior and sentiment.</p>
<h2 id="what-does-the-ceo-say">What Does the CEO Say?</h2>
<p style="text-align: justify">CryptoQuant’s CEO has highlighted that leading Bitcoin investors are taking cautious steps in response to <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">recent developments</a>. Ki Young Ju shared on social media that data indicates that Bitcoin whales are now in a “risk-averse mode,” as evidenced by the interexchange flow pulse (IFP) indicator. This tool tracks the movement of BTC between spot and derivative exchanges and currently shows a trend towards risk aversion.</p>
<h2 id="how-are-traders-responding">How Are Traders Responding?</h2>
<p style="text-align: justify">Ju further explained that traders are moving their assets to derivative exchanges to use as collateral for leveraged positions, increasing their risk while attempting to capitalize on <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a>. The IFP indicator remains below its 90-day moving average, reinforcing the cautious stance of major traders.</p>
<h2 id="market-trends-and-indicators">Market Trends and Indicators</h2>
<p style="text-align: justify">Key points for investors to note include:</p>
<ul>
 <li>Bitcoin’s IFP indicator turning red suggests risk aversion among large traders.</li>
 <li>Significant BTC transfers to derivative exchanges may point to new or expanded long positions.</li>
 <li>Trends in Ethereum (ETH) might indicate upcoming shifts in altcoin markets.</li>
 <li>ETH’s Market Value – Realized Value (MVRV) is rising faster than BTC’s, suggesting a heating market.</li>
</ul>
<p style="text-align: justify">These insights can help market participants make informed decisions in a volatile environment.</p>
<p style="text-align: justify">As of the latest reports, BTC’s price had dropped to $60,200, reflecting a 6.5% decrease over the past 24 hours. This decline caused the market cap to fall below $1.2 trillion. Conversely, trading volume surged above $31 billion due to increased selling activity. Ethereum, closely watched after Bitcoin, also saw a significant drop, trading at $3,244 after a 6% decrease. CryptoQuant’s observations indicate the ETH market is intensifying, potentially signaling a broader impact on the altcoin sector.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/crypto-market-sees-notable-decline" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Market Sees Notable Decline</a></h5>

Crypto Market Sees Notable Decline

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