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Signs of a Major Correction Loom in the Bitcoin Market The cryptocurrency market rose throughout February, bolstered by Bitcoin’s (BTC) exceptional performance, while leading crypto data platform Santiment’s analysts warned of potential turbulence in March. According to Santiment’s monthly report, despite Bitcoin‘s extraordinary 45% rise last month, including surpassing several key resistance levels such as $60,000, the market is now showing signs of an impending correction. Be careful.. give value to your money use stop loss always. stay vigilant and closely monitor on-chain data. #BTC #TrendingTopic #cryptomaestroking

Signs of a Major Correction Loom in the Bitcoin Market

The cryptocurrency market rose throughout February, bolstered by Bitcoin’s (BTC) exceptional performance, while leading crypto data platform Santiment’s analysts warned of potential turbulence in March. According to Santiment’s monthly report, despite Bitcoin‘s extraordinary 45% rise last month, including surpassing several key resistance levels such as $60,000, the market is now showing signs of an impending correction.

Be careful.. give value to your money

use stop loss always.

stay vigilant and closely monitor on-chain data.

#BTC #TrendingTopic #cryptomaestroking

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Signs of Serious Correction Emerge❗❗❗ Bitcoin’s February rise fueled fear of missing out (FOMO) among investors, contributing to the rapid price increase. However, Sentiment reported that the rally’s enthusiasm might have reached a reasonable level, indicating a potential slowdown in buying pressure. It also noted significant increases in the average trading returns of both short-term and long-term active wallet addresses, which could heighten the likelihood of sell-offs due to profit-taking. In particular, active wallet addresses trading in the last 30 and 365 days have seen noteworthy gains with returns exceeding levels not seen since April 2021. Sentiment added that such high returns, combined with data flows indicating Bitcoin whales are fragmenting their holdings, could pave the way for a short-term market correction. While the fragmentation of Bitcoin holdings among whales does not directly indicate imminent selling pressure, it is critical as it points to a cautious approach among large investors. Moreover, Sntiment highlighted that the percentage of BTC held on cryptocurrency exchanges remains relatively low, underlining that whales have not yet moved large amounts of BTC to trading platforms. Drawing on historical data, Sentiment emphasized that inflated average investor and trader returns, when combined with weak whale accumulation, typically precede short-term market corrections. The outcome of the latest on-chain data, including potential panic sales by investors and the reaction of whales to market dynamics, remains uncertain and will likely shape the market’s direction in the coming weeks. #BTC #TrendingTopic #cryptomaestroking #sol
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