SparkDAO

Posted on Feb 28, 2022Read on Mirror.xyz

SparkDAO Industry observation | Indicators of bull or bear in digital market 220228

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Is it either a bull market or a bear market right now?People always want intuitive data to be available for reference.We have selected multiple indicators for you to judge the status of the current market (the following indicators are all on February 21,2022 data):

1.Google Search Index

BTC search popularity in the past 5 years:

ETH search fever in the last 5 years:

2.S2F model

According to the model, the current estimated price of BTC should be over $100,000, the current actual price of about $37,800, a large deviation. If the model works, prices are significantly undervalued.

3.Btc-ahr999 Currency Index

The index measures the price of a bitcoin and the timing of purchases. Value < 0.45 is the bottom-hunting range, 0.45-1.2 is the fixed-investment range, 1.2-5 is the bull market range and > 5 is the high-risk range. The current value is 0.98, in the fixed range.

4.Two-year MA multiplier indicator

The indicator shows that bitcoin is once again falling close to the Green Line (buying area) .

5.Bitcoin rainbow band

The indicator is at the junction of the dark green (cumulative) area and the light green (less expensive) area.

6.NUPL indicators

The indicator is again approaching the white (fear) area.

7.Puell Multiple index

The indicator shows green areas as buy signals and red areas as sell signals. Now approaching the buy area.

8.MVRV indicators

The index fell from 1.45 to around 0.95(high risk above 7 and super bottom below 0.1) .

9.Rhodl Index

The index has fallen back to a neutral buying area.

10.Jiang Zhuoer 60-day accumulated BTC gains

The index believes that when a bull market culminates in a frenetic, frothy one in which short-term money rises faster than new money enters the market, the bull market bubble will burst and the bear market will begin.

At the peak of the two bull markets in 2013 and 2017, the Index was 237 per cent and 134 per cent respectively. In the current bull market, when Bitcoin rose to $47,000, the index peaked at 108% and fell to 34% as it continued to rise to $64,000. Currently, the target is-17.7% .

11.Reserve risk

Reserve risk measures can reflect long-term bitcoin holders'confidence in the price of a bitcoin at any given time.

Investing in bitcoins has a higher return on risk when confidence is high and prices are low (green areas) ; conversely, investing in bitcoins when confidence is low and prices are high (red areas) generates losses.

The indicator shows that at the height of the current bull market, Bitcoin was still a long way from the red zone (the top signal) . Currently in the Green buy-in Zone.

12.Number of BTC held by institutional funds

Funds include Bitcoin etfs in Europe and Canada and Closed-end fund in the United States and Canada.

February 28 was 846,598, roughly the same as February 24(846,569) .

13.Location of whale wallet

The number of giant whales has recently risen from 2,104 to 2,118.

14.More than 1-year notes

More recently, that figure has risen to 62% (less than 45% is historically high-risk) .

15.Total Holdings of BTC by listed companies

The total number of btcs held by listed companies is 40,000 more than in May, although prices are well below their all-time highs.

16.ETH institutional position

The ETH institutional position fell from a high of 4.3 million to 4.15 million.

List of institutions: Grayscale Eum Trust (Ethe) , Ether Tracker (COINETHE SS) , Ether Tracker One/XBT Eum (Coineth) , coenshares Physical ETHEREUM (the SW) , wisdomethereum (eth SW) , vanecheck Vectors ETHEREUM ETN (VETH) , ETC Physical Group Ethereum (Zeth) , SA1 Ethereum ETP (Seth SW) , 21ethereum ETP (Aseth) , Ci Ethereum ETF 21010, Galaxy Ethereum ETF (ETHX/U) , Galaxy Ethereum (c $UNETHEREUM Series)

17.Stable money market value

2021. USDT market value growth slowed from June to the end of July. The rally began in August and has been stable at high levels ever since.

18.Ethereal Square Rainbow Belt

Ethereal Square rainbow belt from the "Shanzhai season" area to the "cheap" area.

[ note: All 18 indicators are as of February 28,2022]

*The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of SparkDAO. Every investment and trading move involves risk, you should conduct your own research when making a decision.