Many people say they want to quit the circle?
Let's interpret this newly learned indicator.
This indicator is the proportion of the total market value of altcoins/cryptocurrencies except the top ten market values.
We see two trend lines above and below, and the two high points are near the top area of the 2017/2021 bull market and are getting higher and higher. That is to say, the number of altcoins is increasing and the market value is getting bigger and bigger. This is a big trend, and I personally feel that the next round of market conditions will be more violent and far exceed the market value ratio of the 21-year bull market. Although the dealers made us obedient in the first half of the bull market, good days will come soon. And the long-term value investment in the last round may suffer a big loss, and this indicator will remain valid for a period of time.
We see that the lower trend line is also rising, the bottom is constantly too high, and the time points of these key supports are several big callbacks in each bull market, and the altcoins are at the bottom of the sentiment.
It works better with our previous altcoin sub-indicator.
These time points are also the bottom areas in the altcoin sub-indicator, all below 25 points.
Summary We have reason to believe:
1. The violent bull market in the future will exceed your imagination
2. The current period is near the bottom of the cottage.
