Simple signals to judge the bottom of the market [Simple! Practical] 💹💹💹

1⃣The trading volume is pitifully small

If you are a stall owner in a market, but very few people come to buy things, then your business will definitely not be too prosperous. The same is true in the cryptocurrency circle. If the trading volume of mainstream tokens such as BTC, ETH, and SOL becomes very small, for example, there is not even $500 million in a day, it means that the market sentiment is very low now, and no one wants to trade.

2⃣Investment and financing news suddenly became less

In the past, there were always a lot of investment and financing news in the cryptocurrency circle, but now it has suddenly become less. This may be because venture capital companies are also hesitating.

3⃣USDT total market value declines

USDT is a stable currency in the cryptocurrency circle, just like the cash we usually use. If its total market value starts to decline, it means that some funds have been withdrawn. But if the market sentiment is not good, but the total market value of USDT is still rising, then pay attention, there may be a lot of funds waiting for the opportunity to buy at the bottom.

4⃣Twitter is quiet

In the past, there were always many people on Twitter discussing the cryptocurrency circle and publishing trading strategies, but now it has become very quiet. No one is talking, no one is sending transaction information, it's like the market has entered a hibernation period.

5⃣ Ethereum's gas fee is as cheap as cabbage

Trading on Ethereum requires paying gas fees, just like we have to pay handling fees when we go to the supermarket to buy things. But if this handling fee becomes very low, even less than $10, it means that there are very few transactions on Ethereum now, and the market is very quiet.

You can refer to the above points when judging the market situation