Current data indicates that the bull has not started in the cryptocurrency market yet.
On-chain analytics platform Glassnode announced on February 23 in sharingtouched on the liquidity differences between the bear market and the bull market.
In the post, it is stated that in the bear market, liquidity is generally concentrated in the first Among 50 cryptocurrencies It was stated that it was located. It was stated that the reason for this was that the majority of transactions took place within this group.
Glassnode, each token category total assets locked (TVL) for Considering the change for top 10 5.14% for top 20 A liquidity of 10.9% He said there was an increase.
A decrease in liquidity is observed in the tokens ranked between the top 20 and 50. This situation causes the cryptocurrency market to He hasn’t entered a bull yet. It is interpreted as follows.
Glassnode included the following statements in its post:
This shows that the market appetite for long-term assets has not yet increased significantly.