CryptoExplorers says
The option delivery is over, and the market doesn’t respond. This time, the seller’s organization is very comfortable. It happened to be stuck near the biggest pain point of 54000 for delivery, which maximized the profits. There will be large options that expire at the end of June. The distance is compared. Far, let's look at the specifics when the time comes.
MicroStrategy's first quarter financial report showed that a total of 20,857 bitcoins were bought for 1.08 billion US dollars, with an average purchase price of 52087. This company has raised all the money it can raise and used it to buy Bitcoin. It can be said that it has increased its leverage and bet on the future of Bitcoin. There is no difference between this kind of gameplay and gambling. It is recommended that you do not imitate and learn easily, because even if you bet this time, you will miss one time sooner or later. In the end, there will be no other results except for the dead, everything is just a matter of time.
ARK Fund continues to buy Tesla and Coinbase. At present, ARK has acquired 2% of Coinbase shares in the secondary market. Like Microstrategy, he is a company that is extremely optimistic about the future of Bitcoin, but Microstrategy is a leveraged participation, ARK It is a rational asset allocation, the latter is far stronger than the former. Behind the participation of ARK is the large amount of cash out of Coinbase executives. Including the American Intercontinental Exchange also sold all of its 1.8% Coinbase shares, shareholders cashed out, and people who got on and off the car looked at each other. A few years from now will be a different fate.
CME's first quarter bitcoin futures product revenue was approximately 4.7 million U.S. dollars, more than last year's entire year. It can be seen how crazy institutional investors have been this year. Such craziness should be difficult to continue in the second quarter. Everything depends on the volatility of Bitcoin. I expects that the overall second quarter will be dominated by the market for shock recovery.
Deutsche Bank and Commerzbank have joined forces to create a digital asset venture capital company 360x, which uses blockchain technology to tokenize artworks and real estate. After more than 10 years of experimentation, the currency circle is now gradually getting out of the circle. Traditional finance has already taken a fancy to the possibility of NFT out of the circle and put it into practice. The days for the currency circle to become popular are getting closer and closer.
The crypto financial company Apifiny obtained the economic trading license of the U.S. Financial Supervisory Authority and became the fifth licensed exchange in the United States. Previously, all Coinbase, Gemini, eToro, and Circle were compliantly traded. These exchanges will be relatively reliable, and the world under supervision will be more secure.
The South Korean Financial Supervisory Authority will approve an encrypted asset fund on May 2, which has the same meaning as Turkey's suppression of bandits. After strong supervision, it means that the regular army will enter the market and share the cake.
Coinbase allows American users to use Paypal to purchase cryptocurrency, that is, they can directly participate in cryptocurrency investment through a bank card, which greatly enhances the convenience. However, the daily limit is 25,000 US dollars. This limit should be for fear of the risk of xi money, and it is not possible to use credit cards to buy coins. When will China have such a channel, Bitcoin will directly go up to 100,000.
Mercado Libre, the second largest company in South America, announced that it accepts Bitcoin payments, and users can purchase real estate through Bitcoin. It is no longer a legend that Bitcoin goes to South America to buy a house. This kind of circulation is simply too convenient. American fast food chain Muscle Maker also accepts Bitcoin as payment. Food, clothing, housing and transportation only need Bitcoin. Zero cost of value transmission is the most fundamental value of blockchain on the planet.
Xue Manzi said on Weibo that God V and the Shitcoin team are together, and Shitcoin Swap is about to go online. He also cxed Shitcoin and claimed that he was also a member of Shitcoin. This old man was so fierce, he couldn't come back anyway, he broke the jar and made air coins. In addition to zeroing in the future of this currency, what future can it have? I feel the breath of 18 years of fighting stupidity.
Grayscale GBTC continued to discount significantly by -15.75%, and ETHE discounted by -3.07%, which has not improved much. Overall, the institution's expectations for Ethereum are still stronger than the pie.
Market analysis
Bitcoin:
The USDT premium rate has shrunk again. The market has been in a stock game environment recently. Therefore, the differentiation will be relatively serious, and the funds will not be enough to support the rise of all currencies. Therefore, we can only fight separately and choose the best. Bitcoin today did not continue to fall as expected. It coincides with the May 1st holiday in China and the weekend abroad. Therefore, the probability of continuing to fluctuate will be relatively large. The lower support is 52500, the upper pressure is 55800, and the direction is patience.
ETH:
The trend still hasn't gone bad, do not break the 5-day line holding the main.
DOT:
The participation of funds indicates that the main line of funds in the near future is a supplementary increase. Polkadot has not seen an increase in the past few months. Following this main line, we probably know which currencies will increase in the future. The area around 40 is under heavy pressure, and the urban area oscillates.
XRP:
The lawsuit is entangled. I don't know why this root rose today, but it seems that there is funds grabbing chips. The logic is not clear. You can follow some around 1.5.
LINK:
Today, it bottomed out and rebounded, and the market outlook is expected to continue to rise.
BCH:
The increase in recent months has not been considered large, and it may become the direction of capital participation.
LTC:
The amount of energy today is too small to participate.
BSV:
The currency bull market has not risen, and we don’t know if it will bulge out. According to the logical thinking that the main line of funds is to make up for the increase, there is likely to be a wave of trend opportunities. If you don’t have a good choice, you might as well ambush. a period of time.
ADA:
If it hasn't gone bad, continue to hold it. The high platform will fluctuate mainly, and it is expected to continue to rise after the shock.
XMR:
The shock is mainly upward.
DASH:
In recent months, the increase has not been large, and it belongs to the supplementary increase category. Therefore, with capital participation, the rebound is expected to continue.
DOGE:
This position can be horizontal, indicating that the consensus is quite strong, but if you want to break out, it is estimated that it will be around Friday next week.
UNI:
The trend is not bad, take it first, but it is too hard to be sucked by Pancake on the BSC chain, it is very difficult to want to go crazy.
The differentiated market will continue. Either keep pace with the movement of funds, or wait for funds to rotate. The overall environment is turbulent. The current direction of funds focuses on those mainstream currencies that have been stagnating for a long time. The sustainability has yet to be verified.
That's it for today, I wish you all a happy weekend, see you tomorrow.
