Foreign media: Most of the country's currency has been lost for eight months

Citing CriptoQuant analysis, foreign sources have argued that the Yamaya coin remains one of the weakest in the encryption market of the current round. In spite of market sentiment, historical experience has shown that the sustained fall phase sometimes provides a window for medium-term layouts, but this round is more dependent on individual tokens for screening rather than a general rise in plates.

84% of the coins broke the 200-day average.

According to CryptoQuant Analyst Darkfost, most of the Yamaya coins have not been able to resume their mobility for the past eight months, and several attempts to rebound have not been sustained, so prices have been kept under pressure.

He mentioned that about 84 per cent of Binance's public currency is still below the 200-day average. This indicator is often used to measure long-term trends, and where most assets are below that level, it often means that the market remains in a distinct vulnerable zone.

The TOTAL 3 week line is also off the long-term trend line.

In addition to the weak performance of individual tokens, which represents the TOTAL3 indicator of the total market value of assets, other than bitcoin and the Taifung, the weekly line has also been placed below the 200-day average in the recent past. According to the article, this is a further indication that the whole of the Yamaya currency remains under downward pressure.

According to CryptoQuant, this is the second round since 2020, after the last round of bear markets. A similar situation lasted about 10 months.

Bitcoin is still the key reference.

According to the article, the difference between the current market and the previous cycle is that it is unlikely that the Shancococoin will resonate as widely as in the past, and that subsequent performance will continue to divide.

Another analyst compared the current phase to 2022, stating that the main tokens, such as Taifung, Cardano, Litecoin and BNB Chain, had been touched several months earlier than at the end of the FTX collapse.

It was also mentioned that, if Bitcoin were to remain close to $60,000, the future of the area could be seen by the market as a stronger long-term support area, even if the period fell short of $50,000.