readCrypto

Currently, the coin market is experiencing liquidity problems.

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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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When the BTC price is leading the uptrend, the coin market is likely to turn to an uptrend.

I don't think it's taking the lead in the current BTC movement.

for that reason

- BTC Dominance Decline
- Rising USDT Dominance

Because it shows the flow of

The decline in BTC dominance should be seen as expressing the ups and downs of altcoins rather than the ups and downs of BTC prices.

Therefore, it should be seen that the current distribution of funds in the coin market is heading towards altcoins.


A rise in USDT dominance means that you are increasing your cash holdings rather than trading in the coin market.

Therefore, it should be seen that transaction liquidity is decreasing.

However, since USDT and USDC are showing an overall upward trend, USDT Dominance and USDC Dominance have no choice but to show an upward trend.


It is judged that the upward trend is continuing as it is flowing funds into the coin market through USDT and USDC.

The USDT chart has been trending downwards lately.

It fell below 68.468B, further exacerbating the downtrend.

This downtrend means that funds are flowing out of the coin market.

However, it can be seen that some funds are flowing into the coin market due to the slight increase in USDC.


In order for the coin market to turn upside down again, I believe that the funds outflow from the coin market must first flow in.

As such, I believe USDT should rise above 68.468B and continue to see an influx of funds along the uptrend line.

We believe that it is unlikely that the coin market will turn to an uptrend without an inflow of funds first.



The coin market is now associated with other investment markets.

Therefore, they are directly or indirectly affected.

However, it should not be judged that it is entirely influenced by the indices of external investment markets.


Currently, the coin market is experiencing a lack of liquidity.

I think this is a phenomenon that occurs as the coin market is on a downtrend, but I don't think that's all.

The coin market is slowly trying to connect with the real economy.

As such, themes such as DeFi, NFT, and P2E are being formed.

These themes will lead to attribution of funds.

In other words, the number of systems that can receive interest by holding coins (tokens) of these themes is increasing.


More of these themes will be formed in the future.

As with many themes that are taking shape in the current stock market...


We will solve the severe liquidity problem caused by stagnant funds in this down market, and until it is resolved, you must establish your own trading standards to survive in the market.


It is judged that the possibility that the coin market will be attributed to the existing stock market is accelerating.

Many institutional investors are launching new investment products, and these investment products will serve as a bridge between the coin market and the stock market.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:
In order to understand the theme of the coin, it is necessary to check how the coin ecosystem is being formed.

This is because I think that when the coin ecosystem develops, the theme of the coin arises.
Comment:
A fall in the gap means that funds have flowed out of the coin market.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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