To judge whether the market is warming up, there is an important signal to watch: the new product launches on Binance.

It has been a month since the last new product was launched. The market is extremely cold right now, and many project teams are proactively negotiating with Binance to postpone the listing time. After all, nobody is trading at the moment, and listing tokens now is completely meaningless.

Binance's backend can definitely see the real data, such as the number of active users and market trading volume. Right now, all these metrics are declining, which clearly indicates that the market is cooling down.

Once these metrics start to rise, the signal of a market warming up will arrive, and by then we will see Binance frequently launching new products.