A key signal of market recovery: Observe Binance's spot activity: It's been a month since the last AT (Alibaba's leading cryptocurrency exchange) listing. With the market at a low point, many projects are communicating with Binance to postpone their listings, as there's little activity and listings are pointless. Binance's internal data models clearly show a decline in active users and trading volume. This across-the-board decline in model data indicates a cooling market. When the data recovers, the signal of a market recovery will emerge, and we'll see Binance listing more frequently.