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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 14,2022 data):
1.The Google Search Index
BTC search heat for nearly 5 years:
ETH search heat for nearly 5 years:
2.S2F model
According to the model, the BTC's current forecast price should be above $100,000, and the current actual price is about $41,900, a large deviation.If the model is valid, the price is seriously undervalued.
3.BTC-ahr999 coin hoarding index
The index is used to assess the price of bitcoin and determine the right time to buy it.The value of <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 1.18, which is in the fixed cast range.
4.Two-year MA multiplier index
The indicator shows a bitcoin rebound near the green line (buy area).
5.Bitcoin rainbow belt
The indicator rebounded from a dark green (accumulation) area to a light green (cheaper) area.
6.NUPL metric
The measure showed a rebound from near the white (fear) area to an optimistic area.
7.Puell Multiple index
The indicator showed that the green area is a buy signal, and the red area is a sell signal.Currently close to the buying area.
8.MVRV metric
The index rebounded from 0.8 to 1.45 (7 is above the high risk, below 0.1 is the super bottom).
9. RHODL metric
The measure has fallen back to neutral buying areas.
10.Jiang Zhuo Er 60 days of the cumulative BTC increase
The indicator believes that when a bull market to the final market sentiment is fanatical, the bubble is serious, short-term currency prices rise more than the new new money entry speed, the bull market bubble will break, and the bear market will start.At the peak of the two bull markets in 2013 and 2017, the index was 237% and 134%, respectively.In this bull market, when bitcoin rose to $47,000, it peaked at 108%, and continued to $64,000, it fell to 34%.Currently, the measure is-6.26%.
11.Reserve risk
Reserve risk indicators can reflect long-term bitcoin holders' confidence in the price of bitcoin at a certain period of time.
Investment in bitcoin at high confidence and low price (green area) has a high risk return; otherwise, investing in bitcoin with low confidence and high price (red area) will generate losses.
The indicator shows that when the bull market is high, bitcoin is still a long way away from the red area (top signal).Currently in a green buying area.
12.Number of BTC's held by institutional funds
Funds include the Bitcoin ETF in Europe and Canada, and closed-end funds in the United States and Canada.
On February 14,844,789, more than 1,300 compared with the February 10 data (843,128).
13.Number of giant whale wallet address
14.Coin with more than one year
More recently, the data rose from 55% to 60% (less than 45% are high-risk areas according to historical rules).
15.Total number of BTC's held by the listed companies
Although BTC prices are well below all-time highs, the total number of BTC's held by public companies rose by nearly 40,000 from May.
16.Eth positions of institutions
ETH institutional positions fell to 4.18 million ETH from a peak of 4.3 million ETH.
Institutional Products Table: Grayscale Ethereum Trust (ETHE), Ether Tracker Euro (COINETHE SS), Ether Tracker One / XBT PROVIDER ETHEREUM (COINETH SS), CoinShares Physical Ethereum (ETHE SW), WisdomTree Ethereum (ETHW SW), VanEck Vectors Ethereum ETN (VETH), ETC Group Physical Ethereum (ZETH), SA1 Ethereum ETP (SETH SW), 21Shares Ethereum ETP (AETH), CI Galaxy Ethereum ETF (US$ Series) (ETHX/U), CI Galaxy Ethereum ETF (C$ Unhedged Series) (ETHX /B)
17.stablecoin market value
From June to the end of July 2021, the growth rate of USDT market value slowed down.The rebound began in August and has been consistently high ever since.
18.Ethereum Rainbow Belt
The Ethereum Rainbow Belt fell from the "Altseason" area to the "Still cheap" area.
[Note: The above 18 indicators are all data on February 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.
