#比特币价格走势分析 When I saw this wave of data, I was reminded of the lessons learned from being played for suckers over the years. CryptoQuant's risk aversion indicator is approaching the high-risk zone, and historically, this position is often a precursor to a pullback—this is nothing new; I've seen it too many times in a Bear Market.

The key is that the profit and loss score has dropped to -3, and the losses from UTXO are extremely concentrated. What does this indicate? It indicates that the chips in the hands of retail investors are highly concentrated in a state of loss. Bitcoin has pulled back 32% from its peak, which seems not exaggerated, but the problem is that—this position fundamentally has not formed enough support consensus. As long as the macro expectations do not improve, the price of 90,000 dollars is as fragile as ice and could break down at any time.

I'm not saying there will definitely be a big drop, but the current technical indicators and on-chain data are giving the same signal: this is not a safe zone. Those friends who are still chasing highs with a retail mindset in 2023, it's time to calm down and take a look at the quality of your holdings. Don't wait until the real selling wave comes before you regret it, by then it will be too late to escape. Having a risk plan is much more reliable than dreaming of getting rich.