According to on-chain analytics, current market sentiment hasn't reached the level of fear necessary to establish a true bottom. The data suggests traders remain cautious but not capitulating enough for a potential reversal signal. This indicates the market may still have room to test lower levels before genuine accumulation patterns emerge.
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Ser_APY_2000
· 7h ago
It's not yet the stage of true despair, we can't break out like this.
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WagmiAnon
· 7h ago
It's not really the time to buy the dip yet; the panic index isn't high enough.
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MetaMaskVictim
· 7h ago
It's not yet time to buy the dip; that's the problem.
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GateUser-44a00d6c
· 7h ago
The bottom hasn't been reached yet, let's see if anyone really cuts loss.
According to on-chain analytics, current market sentiment hasn't reached the level of fear necessary to establish a true bottom. The data suggests traders remain cautious but not capitulating enough for a potential reversal signal. This indicates the market may still have room to test lower levels before genuine accumulation patterns emerge.