CryptoExplorers says
Today’s new quarterly contract begins, and the opening premium exceeds 7%. This means that if you do cash arbitrage, you can get a 7% return on June 25, with an annualized rate of more than 20%, and the risk is extremely low. . This benefit is considerable. In any industry, if you want to obtain an annualized rate of return of 20%, the risk you take is self-evident. This is the fun part of the currency circle. After a long time, you will find any Nodes are much easier to make money than traditional industries. Earning this 7% for rmb-based investors, the biggest risks are deposits and withdrawals and exchange rate changes. Frequent deposits and withdrawals are easy to encounter dark money frozen cards. The Fed's continuous release of water will easily cause the US dollar to continue to depreciate against the rmb, resulting in rmb-based losses.
Such a large premium at the opening of the quarter shows that the market continues to be optimistic about the next quarter, and there is a certain consensus expectation, so it cannot be completely regarded as a good signal. For investors who do more quarterly contracts, they will not only have to bear the decline of Bitcoin. As well as the risk of the return of premiums (premiums), many trending investors will be discouraged and will affect the continued upward trend of currency prices. The sharp premium is more friendly to arbitrageurs, so for the market in the second quarter, we still have to remain calm in the madness. Don't think that Bitcoin will only rise and will not fall. The world's fomo sentiment towards Bitcoin is increasing. .
The sec committee criticized the sec for delaying its decision to approve the Bitcoin etf, and stated that if the Bitcoin etf is not approved, the United States may lose its advantage as a pioneer in cryptocurrency. The sec has started to promote this from the bottom up. Obviously, it will contribute to the sec's approval of the Bitcoin etf. The ceo of Tianqiao Capital also believes that because Gary Gensler will manage the sec, the Bitcoin ETF is expected to be approved within this year. The Bitcoin ETF launched by Canada before now has reached US$913 million, and the continued influx of funds is very crazy, which is why some US officials are anxious. At the same time, Wisdom Tree, a New York asset management company, submitted a Bitcoin etf application to the sec yesterday. The madman believes that the first Bitcoin etf company to approve will definitely not be this small company. When the Bitcoin etf is approved by the sec, Bitcoin's upward momentum should be comparable to Musk's call for orders.
Grayscale was questioned by a large number of investors yesterday whether the $250 million repurchase of gbtc by dcg Group was the funds obtained by Grayscale selling bitcoin. In response, Grayscale ceo replied that Grayscale did not sell bitcoin to fund stock repurchases. It seems that belief is still strong, give Pai Yao a compliment. He also mentioned a statistic that Bitcoin already accounts for nearly 10% of gold in circulation, which was 3% at the end of last year. This is enough to explain the reason for the recent continued weakness of gold. Bitcoin is constantly eroding the market value of gold. After a period of rest, this situation will continue.
The European Central Bank will purchase 1.85 trillion euro bonds to alleviate concerns about financial market tightening. The United States has just released US$1.9 trillion, and the European Central Bank has spent another 1.8 trillion yuan to inject liquidity. An era of banknotes like toilet paper is coming. Good for all risk assets and safe-haven assets.
The host of The Infowars claimed that he lost a notebook with 10,000 bitcoins. We have read too many similar news. This is why the actual circulation of bitcoins is less than 10 million, either lost or a whale value store. As institutions are looting, there are fewer and fewer bitcoins available for purchase, and they will become more scarce in the future.
The son of John Lennon added the Bitcoin tag to his Twitter profile. This buddy has more than 300,000 followers and is considered a well-known figure. More and more people in the top circles in the United States are optimistic about Bitcoin, and they are optimizing Bitcoin. CX Bitcoin, more people will come to take over in the future.
Market analysis
Bitcoin:
The position of only 200 dollars from the historical high has fallen. The market has reached this position and it seems that there is not much suspense about the new high. There is some pressure in this position, or there will be a wave of backwardness, and then go up, after the callback It’s healthier than a direct attack. Let’s see how the market chooses. If you rush up in a hurry at night, you will be easily slapped by the Air Force and form a new high point. Wan Shang is worth looking forward to.
ETH:
Compared with Bitcoin, it is still a bit weaker and far away from the previous high. However, his contract premium for the new quarter is not low, reaching 7%. It is not very friendly to the second quarter. The specific logic is the same as the previous one. same. Continue the weak linkage, this trend is not like a short-term record high.
DOT:
The high-level cabinet fluctuated, and the overall trend was quite strong, and it continued to fluctuate at a high level.
XRP:
The executives were sued for personal profits of $600 million, and the sec intervened in the investigation. Ripple’s big heads are indeed worth checking carefully. Cutting leeks doesn’t blink, and it’s also a skill to cut leeks until now. not joining.
LINK:
Rush higher and lower, a bit weak, lighten up.
BCH:
The trend is not strong.
LTC:
Linkage is the main factor, and it is difficult to continue to rise independently. You can consider reducing the high position.
ADA:
The current position of 1.1 has a certain support, look at the strength of the rebound and decide to stay, if it effectively falls below 1.07, consider continuing to lighten up.
XMR:
This position is horizontal, and the main link is the Bitcoin shock.
ZEC:
The upside was under high pressure. I bought it yesterday, so consider lightening up near 170.
FIL:
The recent move is much stronger than before, and there are certain expectations of supplementary gains, but the height should not be too high.
UNI:
Still at a historical high, consider lightening up.
SUSHI:
It didn't fall down today, but continued to stay high. It shows that it is still very strong, and it has a certain relationship with Coinbase's open trading. We need to observe whether to get on the bus for another day.
NFT:
This concept is due to the fact that a series of works sold for more than 60 million US dollars yesterday, and there is another climax. It is not recommended to participate casually. Be aware of the risks.
The market is still strong and the strong will remain strong, and the main tone behind it is to remove the weak and stay strong.
That's it for today, I wish you all a happy weekend, see you tomorrow...
