10 data to interpret the current market: The bull market has not really started yet?
4. BTC.D (Bitcoin market capitalization share)
The chart below shows the percentage of BTC market capitalization in the total market capitalization of cryptocurrencies. Since April, BTC.D has been consolidating in the range of 54% to 57%. Once BTC.D falls below this range, it will mark the beginning of the altcoin season.
5. Coinbase download ranking
When Coinbase becomes the most downloaded application, historically, it indicates that it is time to exit the market. This trend may repeat, but it is far from being realized at present.
6. Google Trends
The search data for Bitcoin, cryptocurrency or altcoin in Google Trends shows that it is still far below the level of 2021. Looking at the global trends over the past 5 years, the current search interest is 2.5 times lower than in 2021.
