Has the bull market not yet begun These 5 indicators will shock you

CoinJin.com reports:
The fear and greed index is currently at 26. The last time it reached this level, SOL was $11, and everyone was saying “sell in greed, buy in fear.” But less than 1% of people can actually do it!
Many people think that the bull market has already ended, but in fact, the bull market has not yet begun.
These 5 indicators will shock you!
1) Stablecoin Index
This indicator mainly tracks new funds entering the cryptocurrency market. Currently, we are far from reaching the levels of previous cycles. Once liquidity increases, the market will correspondingly grow.
2) Trading Volume
Although the price of Bitcoin is still over $50,000, the current trading volume is much lower compared to 2021. Currently, retail participation is very low, so once retail funds pour in, the market will rise.
3) Bitcoin Dominance
Bitcoin dominance refers to the percentage of Bitcoin’s market capitalization in the total cryptocurrency market. Since April, Bitcoin dominance has been consolidating in the range of 54% to 57%. Once it falls below this range, it will mark the beginning of the altcoin season.
4) Coinbase Downloads
Historically, when Coinbase becomes the number one downloaded application, it means that the market is overheated and it’s time to exit. This trend may repeat, but it has not yet been realized.
5) Google Search Trends
Google Trends data shows that the search volume for Bitcoin, cryptocurrencies, or altcoins is still much lower than in 2021. Looking back at the global trends of the past 5 years, we find that the current search interest is 2.5 times lower than in 2021.
6) Venture Capital Investment
The amount of venture capital investment reflects market interest. The peak of financing occurred in 2021, coinciding with the peak of the cycle. Currently, the overall financing amount is four times lower.
In summary, the bull market is far from over, and the bear market is not even worth mentioning. Confidence is more important than gold, so everyone should be patient. At the same time, don’t rush to buy at the bottom, as the events in Mentougou have not been resolved yet.
Large Unlocking This Week:
APT: Unlocked approximately 11.31 million tokens on July 12, accounting for 2.49% of the current circulating supply, worth about $63 million.
XAI: Unlocked approximately 198.4 million tokens on July 9, accounting for 71.59% of the current circulating supply, worth about $55 million.
IMX: Unlocked approximately 32.47 million tokens on July 12, accounting for 2.15% of the current circulating supply, worth about $41.6 million.
Market Analysis
The bottom of the market cannot be confirmed in a short time. It takes a long time of back and forth testing before the market forms a unified bottom consensus. Currently, from last week’s drop below 55,000 to the short-term recovery above 55,000, it can be confirmed that there is indeed strong support around 55,000. However, further confirmation is still needed.
On the 4-hour timeframe, a second confirmation of the bottom support position is underway. Everyone should give the market some patience. After fully confirming the bottom support, there will be a retaliatory rebound in the future. At this moment, it is advisable to start short-term dollar-cost averaging or buy-on-dip strategies. By the fourth quarter, there will be gains, I believe.
In addition to the overall market, there is currently a hotspot in the altcoin sector, so let’s see if it can continue.