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Today, the Crypto Assets market has experienced a certain degree of pullback, but overall, the situation is not much different compared to yesterday. Bitcoin and Ethereum have undergone relatively deep adjustments, especially Ethereum, as the previous rapid pump may have triggered some investors to take profits.
However, from the overall market situation, this pullback does not mean that the bull market has ended. On the contrary, the current market adjustment mainly stems from the selling by short-term profit-takers, rather than a large-scale exit by long-term holders. This indicates that the current market has not experienced a bubble, and the possibility of a deep pullback is low.
Interestingly, market sentiment seems to be partly reflected in social media activity. During periods of significant price rise, the level of discussion often peaks, while during pullback periods, communication activity noticeably decreases. This phenomenon could potentially develop into a new market sentiment indicator, providing reference for investment decisions.
From a long-term perspective, the current market is still in a relatively healthy state. Over 61% of Bitcoin has been held for more than a year, indicating long-term confidence among investors. Meanwhile, the Ahr999X index is at 2.54, in the neutral zone, neither in the range of extreme overvaluation nor severe undervaluation. Bitcoin's dominance in the entire Crypto Assets market remains strong, with a market capitalization share of nearly 60%.
Overall, while the market may continue to fluctuate in the short term, the fundamentals of the crypto assets market remain solid in the long run. Investors should stay rational and focus on long-term trends rather than being swayed by short-term volatility.