The label reads “Encrypted market total market value returns to $3 trillion.” I just checked the numbers: CMC is currently about $2.96 trillion, which is roughly $40 billion short of an even $3 trillion.
Yesterday it was about $2.90 trillion, and today it has indeed climbed back up, but it hasn’t really settled above the integer threshold yet. The topic is running ahead of the numbers; that doesn’t mean it has already stood on 3T.
My view: Don’t treat this trending tag as the drum that confirms a bull market. If the integer hasn’t been broken, don’t act like it has—many people will use “back to 3T” as a reason to add positions, and there’s quite a bit of froth in this.
What I’ll do: I won’t add positions based solely on this tag. I’ll wait until CMC truly holds above $3.00 trillion, or after a pullback and confirmation, then follow the plan. For now, I’m treating it as noise, and my position stays the same.
#加密市场总市值重回3万亿美元
Yesterday it was about $2.90 trillion, and today it has indeed climbed back up, but it hasn’t really settled above the integer threshold yet. The topic is running ahead of the numbers; that doesn’t mean it has already stood on 3T.
My view: Don’t treat this trending tag as the drum that confirms a bull market. If the integer hasn’t been broken, don’t act like it has—many people will use “back to 3T” as a reason to add positions, and there’s quite a bit of froth in this.
What I’ll do: I won’t add positions based solely on this tag. I’ll wait until CMC truly holds above $3.00 trillion, or after a pullback and confirmation, then follow the plan. For now, I’m treating it as noise, and my position stays the same.
#加密市场总市值重回3万亿美元