Look at this chart. Only about 3% of altcoins on Binance are trading above their 200-day moving average. This is not normal, but rather an indicator of a market collapse.
Since early October, the damage has been real. The total market capitalization of alternative coins, excluding #البيتكوين and stablecoins, has decreased by about 36%. If we exclude the top 10 coins, the percentage approaches 46% within a few months. Liquidity has not changed; it has completely disappeared.
This does not mean that #المستثمرين was delayed in entering the alternative currency market, but rather a retreat in capital and a shift towards defense. However, these circumstances often indicate the proximity of opportunities, not the proximity of euphoria.
This does not mean that the situation will change tomorrow. Periods like this may last longer than people expect, but when the level of participation collapses so sharply, the upcoming change in the market has a significant impact. If liquidity returns, it is a signal that cannot be ignored in history. $BNB $ETH $BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#العملات.البديلة at its lowest historical levels 🤯
Look at this chart. Only about 3% of altcoins on Binance are trading above their 200-day moving average. This is not normal, but rather an indicator of a market collapse.
Since early October, the damage has been real. The total market capitalization of alternative coins, excluding #البيتكوين and stablecoins, has decreased by about 36%. If we exclude the top 10 coins, the percentage approaches 46% within a few months. Liquidity has not changed; it has completely disappeared.
This does not mean that #المستثمرين was delayed in entering the alternative currency market, but rather a retreat in capital and a shift towards defense. However, these circumstances often indicate the proximity of opportunities, not the proximity of euphoria.
This does not mean that the situation will change tomorrow. Periods like this may last longer than people expect, but when the level of participation collapses so sharply, the upcoming change in the market has a significant impact. If liquidity returns, it is a signal that cannot be ignored in history.
$BNB
$ETH
$BTC