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Recently, several high-value cryptocurrencies have been weakening, especially in the privacy coin sector. Monero, Dash, and Ripple have been continuously declining, dragging Bitcoin back to the 9.7k level. This market trend signals a change: market sentiment is reversing.
The previously euphoric bullish atmosphere is fading, and the opportunity to continue chasing gains is diminishing. Although there may still be some fluctuations ahead, risks are gradually accumulating. This shift in sentiment is not limited to the privacy sector; it could also spread to other sectors.
For bulls, it's time to consider taking profits or exercising caution. Especially for high-value privacy coins, it’s now the moment for the bears to take over. Short-term volatile swings could happen at any time, so caution is advised.