Bitcoin Risk Index Indicates Stable Market Conditions

According to BlockBeats, CryptoQuant analyst Axel Adler Jr has noted that a higher Bitcoin risk index suggests a more dangerous market structure compared to the past three years, increasing the likelihood of rapid corrections or liquidations. Currently, the index is at a low level of just 23%, indicating a stable market environment with a low probability of sudden declines. A similar situation was observed from September to December 2023. Market participants are now focused on the upcoming speech by U.S. Federal Reserve Chair Jerome Powell, hoping it will not bring any surprises.