TechFlow news, November 24 — Xie Jiayin, Bitget's Chinese spokesperson, recently posted on the X platform noting that the total market capitalization of cryptocurrencies has returned to $3.3 trillion, while the market sentiment indicator has dropped to 10, hitting a nearly two-year low. He recalled that similar pullbacks and widespread panic occurred in March and April this year, which later proved to be ideal buying opportunities. The current market situation resembles those past events, suggesting the time may be ripe for the "be greedy when others are fearful" strategy.
Xie emphasized that the current market theme continues to revolve around the sustained growth of DATs, ETFs, and stablecoins. He advised investors to focus on the following three data dimensions as key indicators for assessing market trends: daily BTC/ETH ETF net inflows, MicroStrategy developments, and the stablecoin total supply curve.
