🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
Share your creations with trending topics and get a chance to split $5,000 in rewards! 🎁
👉 Join now: https://www.gate.com/campaigns/1953
💡 How to Join:
1️⃣ Post with the hashtag #Gate Square Mid Autumn Creator Incentive# .
2️⃣ Your content should follow the daily trending topics posted by [Gate _Square], and include both hashtags.
3️⃣ The more posts, higher quality, and greater engagement — the bigger your rewards! 🚀
💰 Creator Rewards:
🏆 Top 1: Bulgari Mid-Autumn Gift Box + $100 Futures Voucher + $100 GT
🥈 Top 2: Bulgari
CryptoQuant Researcher: 2 Key Indicators Show BTC Bull Market Cycle is Developing Steadily
Odaily Planet Daily News, CryptoQuant researcher Axel Adler released a report recently, in which he followed two key indicators: market structure of Bubble vs. Crush and MVRV Z-score, as a signal that BTC's current price action is moving in a healthy direction. Adler added, "We can see that the current Bull Market cycle is developing quite steadily, without any obvious anomalies or significant surges." It emphasizes that the first indicator has dropped to 1.02 points, and he believes this is the "baseline", indicating that BTC is currently not experiencing a bubble. When the Bitcoin market capitalization 'rise speed' exceeds its realized capitalization, a bubble forms in the market. When Bitcoin reached a historical high of $73,679, this indicator showed the existence of a bubble, scoring around 1.5. It also pointed out that BTC's 30-day moving average (DMA) MVRV Z-Score is 1.8, slightly higher than the annual average level of 1.6 for BTC, indicating the "lowest overvaluation degree". (Cointelegraph)