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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 April 18,2022 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 $39,800, 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 drops to 1.00, which is within a certain range.
4.Two-year MA multiplier indicator
The indicator shows that bitcoin is again near the Green Line (buying area) .
5.Bitcoin rainbow band
The indicator is at the intersection of the cheap and hoarding regions.
6.NUPL indicators
The index is in a bright yellow range.
7.Puell Multiple index
The green area is the buy signal and the red area is the sell signal. The indicator shows that the current relatively close to the buying area.
8.MVRV indicators
The index fell to around 1.05(high risk above 7, 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-4.6% .
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 April 18th it stood at 851,240, down nearly 600 from the last update (851,810) .
13.Location of whale wallet
After a recent surge from 2,100 to 2,280, the population has fallen back to 2,258.
14.More than 1-year HODL Notes
More recently, that figure has risen to 64% (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 more than 40,000 more than in May last year, although prices are well below record highs.
16.ETH institutional position
The ETH institutional position fell from a high of 4.47 million to 4.41 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.StableCoin market value
In 2021, the rate of growth of the stable money market value slowed from June to the end of July, and began to rise in August.
18.Ethereum Square Rainbow Belt
The Ethereum rainbow band is in the "cheap" area.
19.BTC exchange balance
The balance on the BTC Exchange has fallen from a low of 568,000 to a low of 422,000 in the past two months. It recently rose slightly to 447,000.
20.ETH exchange balance
The ETH's balance has fallen from 8 million to 6.89 million in the past month. Recently increased slightly to 6.92 million.
[ note: All the above indicators are as at April 14,2022]
Other metrics on the chain: (Source: Twitter chain analyst Phyrex)
Recent Trading Platform BTC large net outflow.
The correlation between BTC and S & P is high.
As of 8:00 This Morning, the BTC transferred to the stock exchange data, nearly a month of turnover reached the lowest value. So far there is no clear bearish information, in the short term may also be affected by U. S. stocks, price movements depend on the main funds and main selling pressure attitude.
The overall morning ETH continued to be in line with the BTC, which also fell, but did not lead to an increase in stock on the exchange, with only a small depletion of inventory. The exchange rates for ETH and BTC are still relatively stable at around 0.075. The net flow through the exchange shows that in addition to a big turnover on Sunday, the overall volatility is also in the lower range.
As a result of the fall in prices, the shift of ETH to a younger currency age is also a sign of panic. As can be seen from the SOPR data, earlier this morning, due to price stability, so the profit margin for address change ETH has edged up, and the scope of the loss has narrowed. Losses on the tranche have widened since the morning's fall, but there are still few long-term losses on ETH.
*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.
