資金量

One of the most talked about topics among people in the currency circle recently is: "The bull market in the currency circle has arrived." So today let us use various data to see whether "#牛市 " has really arrived. I will share my own judgment The key data used in "Niu Hui", start now!
Bull market judgment benchmark
There are many ways to judge the market situation in the currency circle. Some people will look at the exchange’s funding rate, Bitcoin holdings, or various technical indicators. But for me, these two numbers are the most important — #資金量 and #活躍度 .
"Total funds" refers to the total amount of funds in the currency circle as a whole. We will look at whether funds from traditional finance or institutions are flowing into the currency circle to judge the authenticity of the price increases of these cryptocurrencies. For example, if the amount of funds in the overall currency circle does not increase, but the prices of a few tokens increase, it may be due to institutional speculation, short-term market hot spots, etc., rather than the arrival of a bull market. "Activity" refers to the level of activity on the chain. We will look at the active addresses and transaction volume on the blockchain to judge users’ needs for the currency circle and DeFi. The increase in activity level represents, to a certain extent, the return of users in the currency circle, which will increase the overall demand for cryptocurrency and increase currency prices.