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Bitcoin drops over 10% while Ethereum remains strong, signaling first bearish trend since 2021

Summary: According to Vaneck analyst @matthew_sigel, BTC has recently dropped over 10% while ETH has not, marking the first occurrence of this market trend since 2021. Historical data shows that this scenario has only occurred 52 times since 2020. Following this trend, BTC is expected to drop by 2.8% in the next 7 days and 15.6% ...

According to Vaneck analyst @matthew_sigel, BTC has recently dropped over 10% while ETH has not, marking the first occurrence of this market trend since 2021. Historical data shows that this scenario has only occurred 52 times since 2020. Following this trend, BTC is expected to drop by 2.8% in the next 7 days and 15.6% in the next 30 days, while ETH is expected to increase by 6.4% in the next 7 days and decrease by 8.4% in the next 30 days. @matthew_sigel indicates that this is a bearish signal for the overall cryptocurrency market, with ETH providing short-term support but both showing a reversal trend.

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Link: Bitcoin drops over 10% while Ethereum remains strong, signaling first bearish trend since 2021 [Copy]

Last: Data: Current Crypto Fear Greed Index at 52, in Neutral State

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