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Analysts: Bitcoin Risk Index is currently at a low level, and there is a low chance of a sharp decline

Source: BlockBeats
According to BlockBeats, on September 16, CryptoQuant analyst Axel Adler Jr published an article saying, "The higher the value of the Bitcoin risk index, it means that the current market structure is becoming more and more dangerous compared to the past three years, and the probability of a rapid pullback/clearing increases. Currently, the index is at a low level, only 23%, the market environment is stable, and the probability of a sharp drop is lower. Similar situations have occurred from September to December 2023. Market participants are paying attention to the speech of Federal Reserve Chairman Powell tomorrow, hoping that there will be no surprises."
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