The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

By the end of August 2017, the designated transaction value of a single Bitcoin was close to $5,000. This far exceeded the value of gold at the time, which was approximately $1,300. However, within two weeks of the digital currency reaching high water levels, Bitcoin’s value fell to around $3,000. Anyone who invested real money into Bitcoin in mid-August and did not exit the market before the price dropped would have lost nearly 40% of their investment. However, many investors still want to invest in Bitcoin. After all, as the most popular digital currency in the world, it still has a certain status. However, some investors still don’t know which software can check the Bitcoin market? Let the editor of the currency circle tell you about it below.

 Which software can check the Bitcoin market?

In fact, those who support Bitcoin now can view the Bitcoin market, and there are many software that can view the Bitcoin market. The more common ones in the currency circle are Feixiao, mytoken, Beecha, and AICOIN, including Our currency circle platform.

As we all know, when investing in digital currencies like Bitcoin, it is important to know how to be optimistic about the ups and downs. If you don’t even know how to look at this, then it is basically a certainty that you will lose money when investing. You can only blindly guess or invest blindly. How do you know whether Bitcoin has risen or fallen? It's actually very simple. Go to the Bitcoin browser and find the Bitcoin market curve. There are basically many market curves together. You select the price curve of Bitcoin to lock it, and the curve displayed is the rise and fall curve of Bitcoin. A rise is a rise, a fall is a fall. It's much simpler when you look at it this way.

 What are the methods for analyzing Bitcoin market?

1. Ratio of number of long and short positions

The so-called ratio of long and short positions actually reflects the sentiment of most retail investors in the market, because the total position value of long and short positions in the market is equal. When the total position value is equal, the per capita order value is different, which means that if one party has more people, the per capita position value of that party will be lower, and that party has more retail investors, so when the ratio of long and short positions is greater than 0, it means that retail investors are The bullish sentiment is relatively strong. When the ratio of the number of long and short positions is less than 0, it means that retail investors are relatively bearish.

2. Total contract positions

The total amount of contract positions, because this data can only be seen when viewed together with other data, so this data and trading volume are analyzed together. The so-called total contract positions refer to the total positions of all long and short parties in the corresponding currency delivery contracts and perpetual contracts.

Because in the market, the total value of long and short positions is the same, there are as many long orders as there are short orders to sell, so changes in the total contract positions also represent changes in the total positions of long or short parties. The trading volume refers to the total trading volume of the currency contract within a certain period of time. The statistics of this data include all delivery contracts and perpetual contracts.

3. Average long-short position ratio of elites

Elite long-short average position ratio. This data represents the average real-time status of the funds in the margin accounts used by the top hundreds of traders in the exchange with position experience. Therefore, through this data, we can intuitively feel the position changes of the top users.

4. Other types of data

Finally, let’s briefly talk about other types of data provided by the exchange, such as basis, active buying and selling, and elite long-short trend indicators. These three data do not have much guiding significance and are all lagging indicators.

The basis refers to the difference between the contract price and the spot index price. It has a hysteresis property and will change as the market changes, which can reflect the overall sentiment of the market. When the basis is a large positive number, it means that investors are generally bullish. If the basis is negative and large, it means investors are generally bearish.

As for the data on active buying and selling, active buying refers to the trading volume of active buying orders (take orders to buy), that is, the amount of capital inflows, and active selling refers to active selling orders (take orders to sell). ), that is, the amount of capital outflow. This indicator also reflects the overall market sentiment, and there is no way to get more detailed information through changes in it.

The final indicator of the elite's long-short trend is the long-short ratio of the number of elite holding accounts. This data also reflects to a certain extent whether most people in the market are bullish or bearish, and there may even be some deviations, because some large investors and institutions will use hedging tools to use contract hedging to reduce spot risks.

The above content is the specific answer of the editor of the currency circle to the question of which software can check the Bitcoin market. Bitcoin's status as the world's most popular digital currency has become a standard in its own right, much like Wall Street, London and Japan's stock exchanges. The edict sent shivers down the spines of global cryptocurrency exchanges as the Chinese government fears the growth of vast and complex pyramid schemes centered around owning its own Bitcoin-like digital tokens. Now that Bitcoin has proven to have volatility that the gold standard and traditional currencies do not, it is unlikely that Bitcoin will become the global monetary standard anytime soon.