论文标题
加密货币市场的预警信号
Early Warning Signals for Cryptocurrency Market States
论文作者
论文摘要
作为原型复杂系统，金融市场在交互中表现出丰富的动态。在本文中，我们关注最近进化的加密货币市场，作为复杂系统的一个例子，并分析了从2017年至2022年的5年期间加密货币的互相关结构的演变。我们在观察时间窗口持续时间内观察到特征时间持续时间的特征相关结构，并利用这些特定的结构将加密货币市场聚集在4个市场状态下。
Being archetypal complex systems, financial markets exhibit rich set of dynamics in their interactions. In this paper, we focus on the recently evolved cryptocurrency market as an example of a complex system and analyse the evolution of cross correlation structure of cryptocurrencies in the 5 year period from 2017 to 2022. We observe characteristic correlation structures in the observation time window duration and use these specific structures to cluster the cryptocurrency market in 4 market states.
