TechFlow reports that CryptoQuant contributor abramchart noted the current Bitcoin price correction is actually beneficial for the market. As of yesterday's close, the market's loss rate was only 0.04%, approaching the bottom levels seen in previous historical cycles.
The market is currently undergoing an adjustment phase, and the loss rate may increase due to the current decline—this is a very positive signal.
Historically, after the market hits a bottom, prices typically experience a period of volatility before eventually reaching a peak.
In short, according to this metric, market sentiment remains positive, although prices could see significant fluctuations in the coming days.
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