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Matrixport: Market Sentiment at Near-Decade Low, But Macro Pressure Behind Current Sell-Off Unabated
Summary: Matrixport has released a market analysis stating that Bitcoin has entered an extreme panic zone, with market sentiment dropping to levels not seen in nearly a decade. Despite the prevailing pessimism, there are hidden signals that many traders have yet to notice. Several indicators that warned of a downturn in October have now swung to ...
Matrixport has released a market analysis stating that Bitcoin has entered an extreme panic zone, with market sentiment dropping to levels not seen in nearly a decade. Despite the prevailing pessimism, there are hidden signals that many traders have yet to notice. Several indicators that warned of a downturn in October have now swung to the opposite extreme, but this does not mean that the risks have dissipated. Some key indicators are diverging significantly from the price, hinting at a short-term market structure that is almost unnoticed. Meanwhile, the macro pressure driving this round of selling has not eased, and the next few weeks will determine whether Bitcoin stabilizes or enters a deeper correction phase.
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Link: Matrixport: Market Sentiment at Near-Decade Low, But Macro Pressure Behind Current Sell-Off Unabated [Copy]
