CryptoExplorers says
Alibaba and SAIC’s automobile companies have established a drive-and-mining. Rough stones can be obtained through users’ continuous driving contribution data. We don’t know how the rough stones can be realized, but we can see that through blockchain technology, ordinary people can really The most valuable data in the past is all in the hands of these giants. They can use it whatever they want. In the future, if you want to get big data from each of us, I’m sorry, please "spend money" to buy it. If you don’t Buying with money will be replaced by companies that buy with money. This is the revolution of blockchain technology. What it changes is productivity and production relations. Therefore, the social form in the future will undergo radical changes with this technology. There are opportunities in all walks of life, and you can only rely on you to think about how to let the blockchain empower you from the red ocean to the blue ocean in combination with your own industry.
Fed Chairman Powell set the tone for cryptocurrency yesterday, saying that he is more like gold than the U.S. dollar and is more suitable for speculation. Then Bitcoin started a long night of decline. Of course, the correction of Bitcoin must not be the only factor. The madman also analyzed for everyone that the number of large wallet addresses continues to decrease, and the price of the currency is stagnant as the number of retail investors continues to increase. At the same time, it faces the delivery of super options on March 26. These are the causes of Bitcoin's current decline. Powell's words just helped the ignition. Powell also mentioned that the recovery is far from complete. The Fed will use all tools to support the economy, and Biden will directly offer a $3 trillion infrastructure plan. Therefore, inflation expectations for the next period of time are relatively clear.
Data monitoring shows that since February 1st, Bitcoin addresses between 1,000 and 10,000 have reduced their holdings by 300,000 BTC, and 100-1,000 have increased their holdings by 353,000 BTC. This data also shows that the giant whale is distributing chips to institutions, so it belongs to the bull market. The relay changed hands.
Last week, the inflow of encrypted funds fell by about 58%, and the inflow fell almost halfway, mainly in the United States. On the other hand, in Brazil, QR Capital plans to raise US$90 million in Bitcoin ETF. Turkey’s OTC price has reached a staggering US$100,000. The premium is extremely serious. At the same time, the USDT premium rate has risen to 1.33%. The representative here is of course domestic leeks. . It shows that after the decline in the inflow to the United States, some emerging countries have continued to buy bottoms. This will only bring a rebound in the short term, and will not bring about a reversal. It is difficult for a market without the participation of US institutions to be sustainable. These speculators only Will buy today and sell tomorrow.
Fidelity Investment predicts that the US 10-year bond yield of 2% is the upper limit. There is no logic to say. It is suspected that the ass decides the head. If the upper limit is 2%, obviously Bitcoin's callback space is extremely limited. Dario mentioned that in order to diversify the investment portfolio, it is best to include diversified investments such as Bitcoin, and once again indirectly look at Bitcoin.
Yesterday, Grayscale didn’t buy anything. Today, GBTC continues to be unlocked madly, and 9758 Bitcoins will be unlocked. Look at the horrible GBTC market. Yesterday, the discount was nearly 10%. Today, these are unlocked in large quantities. , Bitcoin will be affected at night, but it does not have full guiding significance.
The expected volatility of Bitcoin prices has dropped to a 3-month low, which means that Bitcoin will experience shocks.
93% of transactions on the Bitcoin network occur outside the exchange, indicating that the real block trade is still off-exchange, which is somewhat similar to the commodity market. Therefore, it is not the K-line in the exchange that determines the long-term trend of Bitcoin. It's the movement of those super big players.
Europe and the United States are on the weekend, and there is no movement in the pie.
Emerging countries around the world are currently in a wave of interest rate hikes, and all countries are preventing imported inflation in the US dollar, which is not conducive to the continued upward trend of Bitcoin; India is considering blocking exchanges’ IP addresses. It seems that Indians want to speculate in the future Currency, also requires eighteen martial arts; Microsoft XBOX payment method appears Bitcoin, Bitcoin is becoming a part of the global payment system; Goldman Sachs predicts that the Fed will launch another 4 trillion stimulus plan, the dollar inflation expectations still exist; the former British finances The minister stated that he had invested in Bitcoin, but it was only for speculation; South Korea implemented a real-name system on the 25th of this month and imposed strong supervision on crypto investors; Grayscale unlocked 6654GBTC share today, which is expected to bring GBTC selling pressure and increase discounts.
The market as a whole can't see the direction. Those who want to participate can wait for the breakthrough of 60,000 before participating. Before that, wait for the direction.
Market analysis
Bitcoin:
By convention, adjustments 1-3 days before the expiration date are high-probability events. Therefore, today's callback is also reasonable. There is no continuous large-scale callback in the short term, and the pressure is around 55500. From the current point of view, Bitcoin has entered an adjustment trend. Our participation level can be lowered from yesterday's 60,000 to 57,000. Bitcoin can only stand bullish at 57,000. Otherwise, it will be treated as an adjustment trend. The adjustment trend is mainly to lighten up every rebound.
ETH:
The linkage pie is in the adjustment cycle. The weaker than expected the day before yesterday established the callback cycle.
DOT:
Also after the weakness the day before yesterday, the CryptoExplorers suggested to lighten up the position, but the DOT is still in range fluctuations at the support level of 32.
XRP:
The recent toss is the release of the future central bank digital currency white paper, and tens of thousands of people petitioned to resume XRP trading. This time, central banks around the world are issuing legal digital currency, which gives full play to Ripple’s advantage. Ripple has been doing this thing, so it can provide countries with better experience. In addition, it has not risen before, and there has been a short-term supplementary increase, but the CryptoExplorers Still not very optimistic, thinking that the probability of short-term speculation is greater, so it is not recommended to chase the rise.
LINK:
This position is not very good. The M head in the shock range has come out. The probability of falling below is quite high. After all, the environment is not good, so rebound to lighten up.
BSV:
These have not risen before, but they have not been able to fall recently. There is a certain increase in expectations, and there may be a chance to go.
ADA:
After coinbase was listed, it reversed and fell back, and a lot of people were trapped, so I didn't participate first.
XMR:
I have been brought down, and I don’t have the previous resistance to fall. This is not a very good board. The rebound is still the first to come out.
FIL:
It fell below the 5-day line yesterday and should be avoided. Perhaps there will be new opportunities after the unlock period has passed 23 days.
CFX:
According to the news that CFX is going to engage in cross-chain mining with Binance’s BSC, this news is a bit of a hit, which means that CFX is ready to be listed on Binance, and it is also linked to Defi. The previous participation is estimated to be meat. Hold it patiently first.
UNI:
It has reached a new historical high. The currency has become weaker and weaker as it rises. The 5 million invested by Paradigm, an early investment institution, has been worth US$3 billion. I don't know if these big buddies can fully catch the market when they cash out.
The market has been smashed a bit violently, and there is a high probability that there will be a rebound in the short term. Don't be too panic.
That's it for today, see you tomorrow.
