Ansem: Crypto Market Bottom Signals Emerge, Multiple Indicators Needed to Confirm Bull Market

TechFlow reports, August 5, according to crypto analyst Ansem (@blknoiz06) in a post, the current market has shown multiple bottoming signals: prices no longer continue to fall under negative news (BTC still made higher lows during Saylor's sell-off); crypto-native applications are starting to surge (Pump.fun weekly revenue increased 20% week-over-week, FOMO added over 100,000 users in a single week); institutional interest returns (Robinhood launches public chain, PTJ publicly bullish on BTC); social media heat rebounds (related posts views reach 30 million, @blknoiz06 gained 200,000 followers this month).

Ansem also listed bull market trend confirmation signals, including: mainstream on-chain tokens make higher highs after the initial volume surge high, steady growth in the number of holding addresses, mainstream media coverage warming up, active on-chain innovation by developers, and top protocols distributing airdrops to the community as "liquidity stimulation".