Analyst: Profit taking still dominates in the current market correction, it is difficult to determine whether it has entered a bear market According to a report by Golden Finance, analyst Darkfost from CryptoQuant. com stated on X platform that "profit taking activity has continued to increase in the past few days. With yesterday's correction, the amount of profit taking has slightly decreased to about $516 million, but it still dominates compared to the realized losses. The realized losses are still at a relatively high level, about 346 million US dollars. It is worth noting that since December, realized losses have been dominant, marking a true surrender style selling phase. This is a pattern that repeats every callback in this cycle. In fact, the current trend is very similar to the pullback in April. We can also observe that whether it is realized profits or realized losses, the overall level is still in a relatively low range, which is also a typical feature of previous corrections. However, it is still difficult to determine whether this is just a correction or an early stage of the bear market. For now, I still prefer to believe that this is a mid-term correction or consolidation rather than a trending bear market. But I am also ready to adjust according to market changes at any time. Overconfidence is not necessarily the best strategy, what truly matters is the ability to adapt to change and be prepared to make judgments that may go wrong