Simple signals to judge the bottom of the market [Simple! Practical]
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.
Investment 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.
USDT 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 If its total market value starts to decline, it means that some funds have been withdrawn.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 you should pay attention, there may be a lot of funds waiting for the opportunity to buy at the bottom.
Quiet on Twitter
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 talks, no one sends trading information, it's like the market has entered a hibernation period.
Ethereum's gas fee is as cheap as cabbage
Transactions on Ethereum require 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 below $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
#行情判断