Please bear with me as this is my first "real" On-Chain analysis.

Talking about bears, ALGO currently exhibits a bearish signal, characterized by a high percentage of large holders (76%) and a 0.59 correlation with Bitcoin. Show More

The on-chain activity of ALGO is of great interest to me. The following are noteworthy:

First, Figure 1 shows that 100% of ALGO holders are now experiencing losses. Show More

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