SparkDAO

Posted on Mar 13, 2022Read on Mirror.xyz

SparkDAO Industry observation | Indicators of bull or bear in digital market 220314

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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 less than $39,000, 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 0.96, in the fixed range.

4.Two-year MA multiplier indicator

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

5.Bitcoin rainbow band

The indicator is in light green (cheap) and dark green (accumulated) areas.

6.NUPL indicators

The indicator is close to 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 near 1.0(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-6.29% .

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.

On March 14th it stood at 851,426,500 more than on March 10th it stood at 850,926.

13.Location of whale wallet

The whale population recently shot up from 2,118 to 2,266.

 14.More than 1-year notes

More recently, that figure has risen to 63% (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 last year, although prices are well below their all-time highs.

16.ETH institutional position

The ETH institutional position fell from a high of 4.47 million to 4.4 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

In 2021, the rate of growth of the stable money market value slowed from June to the end of July, then began to rise in August and has remained stable at a high level ever since.

18.Ethereal Square Rainbow Belt

Ethereal Square rainbow brought back to the "cheap" area.

[ note: All 18 indicators are as of March 14,2022]

*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.