Meow Uncle summarized the bull topping indicators to help everyone avoid being misled by noise, and the specific data has been marked in the figure below.
This list covers 75 traditional topping indicators and the self-developed sentiment monitoring indicators by Meow Uncle:
Price Type Indicators: Altcoin Sentiment Tracking, Mm Indicator, ARH999 Indicator, PI Indicator, etc.
Mainstream Type Indicators: Altcoin Bubble, Gold to BTC Ratio Multiplier, Time Sentiment Monitoring, RSI
On-chain Data Indicators: MVRV, Puell Multiple, NUPL, Reserve Risk, etc.
Altcoin Season Indicator: Altcoin Season Index, Altcoin Sentiment, Doomsday Chariot Trend
Time Cycle Type Indicators: Including historical bull data replication
The list selects multiple indicators as analysis factors, with Meow Uncle's self-developed weighted data to be added later, insisting on daily updates. Once the market starts to frenzy, we will follow suit and clear out!!
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Today's market trading volume has started to decline again. Although the market was good in the past two days, the pace of retail investors entering is not fast. Trading volume on rising days has increased somewhat but not significantly. This is also the reason Meow Uncle judges that large-scale bullish trends cannot occur!
Especially in the European market, it seems to still be experiencing a holiday trend, with bullish sentiment slowly recovering but not frenzied. The total trading volume has returned to last July's levels.
Meow Uncle still believes that the altcoin market in January does not have the fundamentals for an overall breakout. Friends who have made good layouts can hold their positions and wait for takeoff (Meow Uncle currently only allocates to the four major mainstream TOKENS! Hold tight BTC, DTH, BNB, SOL)
Today's data supplement 【AMBMS Index】 above, this is an extension of the MVRV index used to measure the duration of a bull market (dark green represents the market entering the frenzy zone, light green indicates the market is slowly rising). We can use this indicator to observe the sustainability of the bull market, and we are currently in the light green area, indicating that market sentiment is recovering, but we are far from entering a new round of frenzy.
The market structure is still bullish, with no obvious signs of overheating. However, the current trading volume cannot drive the market to rise strongly, and everyone needs to wait for the market to recover from the holiday calm period.
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Regarding on-chain AI, Meow Uncle has sold all on-chain project principals, and profits are also being sold off gradually. All on-chain players must enter and exit quickly, don't be the last one to pick up the pieces! (Market questions can be directed to Meow Uncle at any time)
(The specific data changes from January 5, 2025, have been marked in the red box)
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Q: Meow Uncle, can we still play on-chain??
A: Of course, you can play, but you need to have a strong perception of the hotspots. On-chain AI projects are currently absolutely top-tier. Catching new AI projects for a quick double and then exiting is a relatively simple and feasible operation, but on-chain projects also risk losing the principal.