艾叔
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In terms of data alone, we have indeed entered a 'bear market'.
The most obvious point is that the trading volume on exchanges has dropped by over 30%. From OM to yesterday's Luce market, the death spiral of altcoins has just begun.
Binance's market share continues to expand, reflecting the capital's sensitivity to market risk and the results of various user acquisition incentive policies. (In every round, there will be small exchanges exiting the market, but this round has not yet seen that.)
Bitcoin's market share has returned to 64%, and the unique bull market keeps everyone's expectations for the market alive. Therefore, from a technical perspective, when BTC cannot maintain above the daily MA120 in the long term, we need to maintain a pessimistic mindset. The weekly level upward turning point of 5.2 is also a psychological defense level for this round. If it breaks through here, the stampede, liquidation, and wave of small exchanges exiting the market will become more evident in this winter.
The most obvious point is that the trading volume on exchanges has dropped by over 30%. From OM to yesterday's Luce market, the death spiral of altcoins has just begun.
Binance's market share continues to expand, reflecting the capital's sensitivity to market risk and the results of various user acquisition incentive policies. (In every round, there will be small exchanges exiting the market, but this round has not yet seen that.)
Bitcoin's market share has returned to 64%, and the unique bull market keeps everyone's expectations for the market alive. Therefore, from a technical perspective, when BTC cannot maintain above the daily MA120 in the long term, we need to maintain a pessimistic mindset. The weekly level upward turning point of 5.2 is also a psychological defense level for this round. If it breaks through here, the stampede, liquidation, and wave of small exchanges exiting the market will become more evident in this winter.
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