Cryptocurrency analytics firm Alphractal has explained why it is avoiding buying Bitcoin during the market downturn. The company highlighted the exaggerated impact of Bitcoin ETFs in the short term and the lack of large investor intervention to drive significant price rallies. It also expressed concern about overly optimistic sentiment and the absence of a sufficient cooling period after major corrections to form a sustainable uptrend. Alphractal noted similarities between current market patterns and those observed in December 2023 but highlighted the inactivity of whales as a potential threat to recent price movements. The firm emphasized the need to wait for clearer trend signals before buying Bitcoin.



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