10 data to interpret the current market: the bull market has not really started yet?
7. Fed trend
When the Fed injects liquidity: buy assets, the balance sheet trend rises, and vice versa. It is crucial to follow this trend because this reversal will increase liquidity in traditional financial markets, and then the crypto market.
8. Global Net Liquidity Index
This indicator monitors the assets of central banks and the Federal Reserve. Global liquidity is currently in a consolidation phase.
9. VC investment
The venture capital of the project reflects the market's interest. The financing peak occurred in 2021, coinciding with the peak of the cycle. Today, this figure is four times lower.
10. Crypto total market value (excluding the top 10)
OTHERS/BTC (total market value of cryptocurrencies excluding the top 10) is a true reflection of the market trend of altcoins. At present, this level is even lower than December 2023, indicating that the main growth is still behind.
If you think you are crazy to believe this, then you have to understand that even GCR is bullish.
