Analysis: The current market is in a risk appetite mode, and Bitcoin sellers may soon disappear

Crypto trader Ran Neuner posted that the current market is completely in a risk-on mode, but most people are oblivious to it because Bitcoin's price has not fluctuated significantly.

Currently, silver prices have reached an all-time high and are in a phase of breakout and acceleration; silver is the beta of gold, indicating risk appetite. The ETH/BTC pair has now broken above the 50-week moving average and is still climbing, with ETH representing the risk appetite of the cryptocurrency market. The Russell 2000 index has also broken out, representing the risk appetite of the stock market. Additionally, the printing press has been activated, with the Federal Reserve shifting to quantitative easing policies earlier than expected.

He stated that Bitcoin sellers will soon disappear, and a massive chase trading is about to begin.