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#加密货币市场趋势分析# The continuous fall in Bitcoin's market share is indeed worth following. By analyzing on-chain data, I noticed that recently large amounts of funds are flowing from Bitcoin to other encryption assets. This change in fund flow often indicates an increase in market risk appetite. Looking at historical data, when Bitcoin's market share declines rapidly, it usually means the arrival of altcoin season.
However, I think it's too early to draw conclusions. I suggest to continue to closely follow several key indicators:
1. The relative strength of Bitcoin and Ethereum
2. The total locked value of DeFi projects ( TVL ) changes
3. The trend of NFT trading volume
These indicators can more comprehensively reflect market sentiment. If they all show an upward trend, then it can be more confidently judged that the altcoin market has begun. Before that, it is recommended to remain cautious and manage risks well.