According to the data, approximately 84 per cent of Binance's Yamaya coins are still at the bottom of the 200-day average, reflecting the overall weakness of encrypted assets outside Bitcoin. It's been almost eight months, the second time since 2020.
Weakness lasts almost eight months.
200 The daily average is usually used to observe medium- and long-term trends. The long-term low level of a large number of banknotes indicates that the overall rehabilitation of the plates remains limited and that the market ' s risk preference for high-variant assets has not recovered significantly.
In terms of time dimension, this turnback is not short-term fluctuations, but general vulnerability, which lasts longer. The article mentions that, since 2020, the current low period is second only to another longer down.
Most of them still follow bitcoin.
During the current market cycle, the overall movement of the Yamaya coin remained largely synchronized with that of Bitcoin. Although there have been several rehabilitation attempts in the market, the rebound has generally not been sustained and subsequent kinetic energy has been reduced more rapidly.
This indicates that the silos have not yet become more independent. Even with the relative stability of bitcoin, there has been no significant spread of funds to the wider currency market.
Follow-up point to plate repair.
Next, the market will focus on whether a partial rebound can turn into a more general rehabilitation. If the overall environment improves, whether or not the currency can be removed from its current state of large areas below the long-term average will be an important signal in determining the extent of the market.
It was also mentioned that, even if there was a subsequent warming, the performance gap between the different currencies could remain large and that the fragmentation within the plate would not necessarily decrease significantly in the short term.