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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 7,2022 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 $43,000, 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 figure is down to 1.19 and back in range again.

4.Two-year MA multiplier indicator

The indicator shows that bitcoin is strongly supported near the Green Line (buying area) .

5.Bitcoin Rainbow Band

The indicator fell back to the light green (cheap) area.

6.NUPL indicators

The indicator rebounded from near the white (fear) area to the positive 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 1.46(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. At present, the target is 8.75 per cent.

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 7th it stood at 860,973, about 1,000 more than the last update (859,082) .

13.Location of whale wallet

 After a recent surge from 2,100 to 2,280, the population has fallen back to 2,243.

14.More than 1-year 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 4.43 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, and began to rise in August.

18.Ethereal Square Rainbow Belt

The ethereal rainbow zone is between the "cheap" area and the "Shanzhai season" 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 434,000.

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 6.93 million.

[ note: All the above indicators are as at April 7,2022]

Other metrics: (source: Twitter chain analyst Phyrex)

The profits below $40,000 are still in the lower category, and the panic has not spread to the more profitable groups, so it's fair to say that 40,000, chips under $000 are less likely to change on a large scale in non-extreme circumstances. The loss of $43,000 under the chip is not a lot of reduction, should be the reason for low profits, so you can find that at this stage almost all of the profit chips are not panic.

The biggest part of the selling pressure is still the loss chips above. Of course, some of the $43,000 BTC made a small profit at the time of the selling. At the most, it was just not a loss, but 43, the chips above $000 are safe and pure losses, and you can see that the people who are most affected by the panic are still the holders who are in a small number of losses. For them, it is better to lose less now than to lose more in the future.

At present, BTC is still in a highly controlled phase of the funds, and the main funds through the adjustment of the overall amount of funds to the market to control the trend of the disk. So try not to use the "trap or trap more" mentality of the last cycle, and you will only get yourself into a passive situation, and the main funds in this cycle are really not interested in the current exchange contracts, their hedging is put on options.

*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.