CryptoExplorers says
The market is always circulating its own trend repeatedly. After each climax, you have to rest for a long time. The logic behind this is naturally human nature. People cannot restrain their greed and fear, and they will be infinitely magnified and increased in the trading of the currency circle. Sometimes because I am afraid of missing out, I have to chase after knowing that the risk is high. When I fall, I am afraid of falling more on the floor. For example, in the current situation, people who chase high in the morning will have the illusion that they will rebound soon, but they hang on the top of the mountain during the climax because of chasing high, and the set is getting deeper and deeper, until they no longer want to see it, no longer Want to sell. Therefore, if you are quilted, the best way to do this is to cut the meat. It is always correct to cut on the first downward daily line. Even if you are wrong, you can still have the opportunity cost. Opportunities are often limitless, and bullets are limited. Don't expose yourself to risks. Finding ways to live longer in the market is the real way to make money.
South Korean exchange Upbit suspended Korean won deposits and withdrawals due to emergency inspections of Korean won deposit and withdrawal service providers. The premium rate of Korean Bitcoin dropped from 17% to 9%, a drop of 60%. Previously, the Bitcoin price of Upbit reached 71,000 US dollars, and the profit was huge. When such a negative situation occurs, there will naturally be panic profit settlement. This is a normal phenomenon. When deposits and withdrawals resume, the premium rate will gradually come back. Large funds are shipped at a high level.
Coinbase’s quarterly report shows that it has 56 million users and 6.1 million monthly active users. At its peak in early 2018, the monthly activity was 2.8 million. Compared with the US population of 300 million, this data is not surprising. From this point on Looking at it, we can basically conclude that the future of Bitcoin is really far away, too far away from the speculation of the whole people.
At the same time, this report also shows Coinbase's financial report, with a total revenue of approximately US$1.8 billion in the first quarter. With just one week to go public, this data is undoubtedly exciting. So Grayscale's founder stepped up and said that Coinbase has more potential than all financial institutions; the former director of Messari believes that Coinbase will acquire Nasdaq in the next 30 years. Or the New York Stock Exchange. Maybe when Coinbase goes public, it will bring Bitcoin out of the new market. Before that, it will be the stage of "shock and bottoming".
Fidelity Investments, Square, and Coinbase jointly established a Bitcoin trading group, which includes a crypto lobby. To put it bluntly, it is a group of a few stakeholders to persuade the supervisory organization. It's a good thing, at least holding a group is much better than fighting alone.
In the first quarter, the investment in crypto funds reached US$4.5 billion, setting a new record. Last week’s weekly inflow data rebounded significantly and increased by 5 times from the previous quarter. This shows that on high platforms, institutions have not retreated, but continued to buy bravely. After the change of hands, the new high prices will come back.
Tether printed another 1.2 billion USDT, the premium rate has dropped, and funds continue to flow in.
There were 1.5 billion US dollars of stablecoins left from Binance at night. I don't know which big account it is, or whether to cash out or prepare for Defi market financial management. The reserve force of stablecoins has been greatly reduced.
The grayscale bitcoin trust discount rate has expanded again, and the impact on the big pie is getting smaller and smaller, and there is no anchoring expectation.
The Nashville hotel in the United States accepts cryptocurrency payments through Bitpay, and new members join every day, at least in the United States. With your Bitcoin, you may be able to visit the United States barefoot.
Miami is cooperating with V god to put city services on the blockchain. The mayor of this city is a faithful believer of the blockchain. V god is also one of the biggest beneficiaries of this era. Through the creation of Ethereum, I don't know how much wealth and status have increased.
The founder of the NFT Fund believes that anyone trying to profit from NFT is taking huge risks, because NFT is bigger than the bubble of cryptocurrency. The big heads in this field say so, which shows how high the investment risk is.
The total lock-up volume of the Defi ecosystem exceeded US$100 billion for the first time, including Ethereum, HECO, BSC, etc. Although the lock-up volume has increased significantly, it has been diverted too much by the Defi products of Huobi and Binance, so you can Seeing that the tokens on the Ethereum chain have not risen much, BNB has become the biggest winner behind it.
Market analysis
Bitcoin:
The small coin stalled, did not see the relay of the big pie, the market still did not want to directly stand up to 60,000, so Bitcoin will still maintain a high platform shock, the amplitude space is still quite large, it is expected that the probability of stepping back and then going up Larger, there is a certain degree of support near 55200.
ETH:
Today’s walk is very weak, strong support 1900, the upward trend may turn into a shock.
DOT:
Yesterday, there was an extra wave of lure, and I immediately buried people. I didn't go very well. The support level is 39. It's time to see the strength of the support.
XRP:
The trend has not gone bad. If the cost is relatively low, you can continue to participate along the 5-day line. After all, the strong will always be strong.
LINK:
It's quite satisfactory, you can still take it.
BCH:
The continuity of the supplementary currency will be relatively weaker, and if it is stagflation, it can be half of the price first.
LTC:
Stop profit if you don't get up tomorrow.
BSV:
The super main force did not participate, I don't know when they will come, anyway, this position can still wait.
ADA:
Weak shocks.
XMR:
Concussion goes higher.
ETC:
The Doomsday Chariot speeded up and pulled all the other coins to the ground. If you don't break the 5th line, take it first. It is not expected to go too far.
ZEC:
If you didn’t go up, it’s not good for this position to fall back, indicating that the main funds are not determined, so let’s lighten up your position.
FIL:
The high-ranking madman continuously reminded everyone to lighten up their positions and make a profit. As long as the currency rebounds in the short term, it is still an opportunity to lighten up.
DOGE:
Continue to oscillate, oscillate, oscillate.
OMG:
He is still on the rise in Layer2, I am afraid it is difficult to sing alone.
CFX:
It's close to $1 again, this position is strong, and the selling pressure is not too big. The community seems to be discussing the issue of changing the unlocking of investors. The previous unlocking plan was to unlock with the increase in the price of the currency, which is not conducive to the continued upward attack of the price of the currency, and it should be a wave of locks in the future. Overall, it is relatively beneficial to the currency price, so take a look first.
Before the trend shows a strong trend, we continue to wait patiently, honing our will is a compulsory course in the market.
That's it for today, see you tomorrow.
