#代币流动信号 Cryptocurrency token flow signals are an important basis for market trend forecasting and investment decisions. Its core judgment indicators can be divided into the following four categories. Retail investors can capture opportunities through multi-dimensional data tracking:

1. Token supply and demand structure and economic model

1️⃣ Circulation volume and total supply: The proportion of circulation volume to total supply directly affects the price dilution risk. If the circulation volume is less than 50% of the total supply (such as some new projects), the tokens released in the future may significantly lower the price; while the circulation volume ratio is high (such as Bitcoin reaching 90%), the dilution risk is low and the market stability is strong.

2️⃣ Token destruction and deflation mechanism: Reducing the circulation volume by destroying tokens (such as the Shiba Inu case) can drive prices up. Retail investors need to pay attention to whether the project party sets destruction rules and implementation transparency.

3️⃣ M2 money supply: The macro liquidity environment has a transmission effect on the crypto market. For example, at the end of 2024, M2 is close to the historical high of US$22 trillion, and risky assets (including cryptocurrencies) may enter an upward cycle due to abundant liquidity.