Analyst: Bitcoin Risk Index is currently at a low level, indicating a low probability of a sharp decline

BlockBeats News, September 16th, CryptoQuant analyst Axel Adler Jr posted, stating, "The higher the Bitcoin Risk Index value, the more dangerous the current market structure is compared to the past three years, increasing the probability of a rapid pullback/liquidation."

Currently, the index is at a low level, only 23%, indicating a stable market environment with a low probability of a sharp decline. A similar situation occurred in the period from September to December 2023. Market participants are paying attention to tomorrow's speech by Fed Chair Powell, hoping it will not bring any surprises."