CryptoQuant analyst Darkfost states that about 84% of the cash on the market is currently running below the 200-day average. This data reflects the fact that the whole of the Yamashita coin is still vulnerable and that the depression has continued for nearly eight months.

TOTAL3 keeps getting weak.

Darkfost mentions that the Shanche currency is the most visible part of the current cycle. Repeated attempts to bounce failed, and the TOTAL 3 index, which tracks the total market value of assets encrypted except for bitcoin and the Taifung, is still down, and the weekly line has been confirmed to be down 200 days.

In his view, this indicates that the overall performance of the Yamaya currency remains significantly behind that of the market core assets. This observation is representative of the fact that a sample of the graphs covers cash and tradable currency, which itself is one of the largest encrypted trading platforms in the world.

It lasts close to the last round of Bear City.

According to Darkfost, this has been the second long round of low performance since 2020. The only longer one appeared in the last bear market, when a similar state lasted about 10 months.

This means that the current period of stagnation of most of the silos is close to the last round of deep adjustments. For market participants, the environment in which the past benefits from the rise of the plate are being eroded and patience is being continuously consumed.

The surge phase or is over

Darkfost also noted that similar stages had historically brought about medium-term deployment opportunities, but in the current environment it was more difficult to find such opportunities than in the past. The reason for this is that markets are no longer experiencing large-scale simultaneous increases, as in previous cycles.

In his view, the difference in the performance of the Yamashita currency would be further widened. The market is more likely to move from “spread-up” to “single-single” and the importance of asset screening increases.

According to current data, there are no signs of a full recovery of the Yamaya dollar plate, market concerns remain focused on whether the movement of bitcoin can lead to a return to risk preferences and whether a small number of coins will be the first to emerge from independence.