The market has moved from a boom to a depression stage; survival is the most important thing

Author: ardizor

Compiled by: Shenchao TechFlow

Unsure if $BTC is in a correction or if the bull market has ended? You are not alone.

The market is being influenced by Mt. Gox, Germany, elections, ETFs, and FTX payments.

But after 100 hours of data analysis, it is clear: we are being manipulated.

Here are the truths that the big players don’t want you to know.

First, let’s discuss the current market phase.

We are now in a phase known as "depression."

Many people are exiting the cryptocurrency market.

Those who have lost faith in the bright future of cryptocurrencies are selling their assets.

What they don’t realize is that surviving in this phase is the most important thing.

Because this kind of pullback happens in every cycle.

It has always been this way, and it will continue to be so.

This is how market psychology works.

We have seen larger price drops in the past, but no catastrophic events occurred.

Considering all factors and the overall situation, things are not that bad.

The bullish factors outweigh the bearish ones, and you should take advantage of the current sentiment.

While altcoins are currently lagging far behind Bitcoin, Bitcoin has doubled since the ETF approval.

However, people are hesitant, thinking "the Bitcoin price is too high."

Ironically, this is exactly when the major upward trend begins.

Due to small inflows into the ETH ETF and the FUD brought by the summer stagnation, the local market may not see significant growth next month.

However, the big picture remains unchanged: growth is inevitable. Implementing a DCA strategy (Dollar-Cost Averaging) during this slight pullback will yield the best results and help you outperform 90% of traders.

When you are unsure of what to do, the best choice is to look at the big picture. Look at the altcoin index, which is currently at the same level as in November 2023. Do you know what happened after that? The market grew 5 times.

What you need to do now is focus on the positive factors driving growth, such as:

➬ Approval of Ethereum ETF S1 form

➬ Trump’s support for cryptocurrencies

➬ Upcoming interest rate cuts in the U.S.

Here are some potential reversing factors:

(1) Global Liquidity Index:

The current market phase can be assessed through the global liquidity index. This indicator covers the assets of major central banks and the Federal Reserve. Currently, global liquidity also seems to be in a consolidation phase.

(2) Stablecoin Index:

This indicator reflects new funds entering the crypto market. As we can see, we are far from the levels of previous cycles. The golden rule is that once liquidity starts to increase, the market will rise accordingly.

(3) BTC.D Index:

The chart shows the percentage of BTC's market capitalization relative to the total cryptocurrency market capitalization. Look, BTC.D has been consolidating between 54% and 57% since April. Once it breaks below this range, we can expect a massive altcoin season to begin.

(4) Trading Volume Across All Platforms:

Current trading volume is significantly below peak levels. Although Bitcoin's price is higher than in 2021, trading volume remains low. The lack of retail activity is evident, but once it recovers, the market will be ready to grow.

Summary:

I recommend taking the following actions now:

• Consider a part-time job to increase income

• Research new narratives and ideas

• Accumulate undervalued altcoins

• Learn new skills

Because accumulating the right positions now can yield 100 times the returns in the future. You will thank yourself for taking this step. At the end of the cycle, you will be one of the winners.