1. The panic index drops significantly: When the greed-fear index (such as some specific indicators) in the market drops to an extremely low level, such as below 30, it usually means that market panic has reached its peak and investors are optimistic about the future. Pessimistic attitude, which is often a precursor to a market reversal.
2. Trading volume shrinks: In the bottom area of Bitcoin, trading volume usually decreases significantly, only a few tenths of what it was in the bull market. This shows that investors are less willing to participate in the market, trading activities have decreased, and the market has entered a period of relative calm.
3. Senior investors are depressed: Some investors who have participated in the market for a long time (commonly known as "old leeks") may show a state of depression and lack of confidence. They may begin to doubt the future of the market and spread some pessimism.
4. Fierce arguments between bulls and bears: At the bottom of the market, the arguments between bulls and bears tend to become extremely intense. Both sides will engage in fierce debates for their respective positions, and even aggressive rhetoric may occur.
5. Market manipulators spread negative information: In some cases, market makers or manipulators may deliberately spread negative information to exacerbate market panic and promote the occurrence of black swan events. However, this may also be a signal that they are about to change their strategy and reverse the market.
6. Retail investors are generally bearish: When retail investors are generally pessimistic about the market and firmly believe that the bull market is over, this is often a sign that the market is about to reverse, because the sentiment of retail investors is often used by market manipulators to influence market trends.
7. Short-selling forces dominate: In the bottom area of Bitcoin, short-selling forces tend to dominate, and the number of short sellers is far greater than the number of long sellers. However, this may also mean that the market's downward momentum is close to exhaustion, and the time for reversal is coming.
Whether 60,000 is the bottom of Bitcoin depends on a comprehensive analysis of multiple factors. Although the above characteristics may indicate that the market is close to the bottom, other factors need to be considered, such as the global economic situation, policy environment, market sentiment, etc. Therefore, investors need to maintain a cautious and rational attitude and make decisions based on a combination of information from multiple aspects.
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