Bitcoin

Ethereum

<ul><li>Over 80% of BTC, ETH, and XRP supplies are in profit, signalling potential sell-offs.</li><li>Historical patterns suggest a high-risk zone may lead to an impending price correction.</li><li>Current cryptocurrency prices reflect market volatility and the need for cautious investment strategies.</li></ul>As seen in a recent analysis from the crypto behavioural analytics platform Santiment, leading cryptocurrencies like Bitcoin (<a href="https://cryptotale.org/bitcoin-etf-approval-disappoints-whats-next-for-btc-price/" rel="noopener noreferrer nofollow">BTC</a>), Ethereum (ETH), and XRP are facing risky waters. However, the data seems to indicate that all major cryptocurrencies contain their respective reserves in historically risky profit levels.Considering the price action and the data on-chain, the chart presented by Santiment offered a comprehensive image. On the back end is a candlestick chart that follows Bitcoin price, in which green candles correspond to increases and red ones show decreases. The three lines representing BTC, <a href="https://cryptotale.org/ethereums-bullish-breakout-signals-promising-altseason-analyst-insights/" rel="noopener noreferrer nofollow">ETH</a> and XRP show the current proportion of the total circulating supply which is currently in profit.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/34c811dc51104493b397a0a5bafda036.png" />As per the analysis, all three cryptocurrencies are currently in Santiment’s “Higher Risk Zone”, with over 80% of their current supply in profit. This area implies a higher chance of sell-off due to investors taking advantage of their gains.Investors can utilise this data to make informed decisions about their cryptocurrency holdings. If historical patterns hold true, being in the Higher Risk Zone may indicate an impending price correction. Consequently, some investors may consider taking profits to safeguard their gains. Conversely, those confident in the market&#39;s ability to sustain or grow from these levels might choose to hold or even increase their positions.Read full article at <a href="https://cryptotale.org/crypto-market-enters-risky-zone-bitcoin-ethereum-and-xrp-in-higher-risk-zone/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Market Enters Risky Zone: Bitcoin, Ethereum, and XRP in Higher Risk Zone

CryptoTale

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