CryptoQuant contributor abramchart pointed out that the current price adjustment of Bitcoin is actually beneficial for the market. As of yesterday's close, the market loss was only 0.04%, which is close to the bottom level of previous historical cycles.
The market is now undergoing adjustments, and the loss rate may increase due to the current decline, which is a very good signal.
According to historical data, usually after the market bottoms out, there will be a period of price fluctuations before reaching its peak.
In short, according to this indicator, market sentiment remains positive but prices may fluctuate significantly in the next few days.