CryptoExplorers says
U.S. 10-year Treasury bond yields continued to climb, while U.S. stocks pre-market futures continued to fall. After a period of volatility since the opening at 7 o'clock in the morning, they began to fall all the way down. The biggest reason for not being optimistic about the market. The specific macro logic has been discussed many times before. The continued increase in U.S. bond yields will drive funds to withdraw from the risky market, because the risk-free returns next door are more attractive; in addition, the Fed has released 1.9 trillion yuan in stimulus to ease the latter. Expectations are not particularly clear. Therefore, the market's expectation of continuing to release large amounts of water in the future will also decrease. Whether the Fed is flooding to push up the yield of Treasury bonds or tightening currency to prevent inflation, it is not very good for risky markets. The signal, therefore, will enter the adjustment cycle without reason.
No, the U.S. stock market next door hasn't opened yet, and our own big A collapsed first. Although we can't keep up when people rise, we definitely don't hesitate when they fall, but it's one of the few opportunities to increase positions. Such a sharp drop is not a bad thing for the current A shares, and those who have the willingness to make fixed investments can continue to make fixed investments.
The number of bitcoins held by centralized exchanges has fallen by 20% compared to last year. Most of the 20% of the decline was bought and taken away by institutions in the market. Therefore, it can be seen that the proportion of institutions entering the market this year is still quite significant, which is the basis for the continued bull market.
The holdings of the first 1,000 Bitcoin holding addresses have dropped by 88,000, which means that whale accounts are lightening up when the market continues to rise. This should mostly be lightening of mines, and their holding costs are too low, so The price temptation is difficult to resist, and it is absolutely reasonable to sell the electricity bills back to the blood. From the side, the market will continue to change hands around 50,000. Those extremely low-cost bitcoins will gradually be picked up by institutions at this position. After a few months of tossing, the market will continue to rise.
Meitu Xiuxiu announced the purchase of Bitcoin and Ethereum at an average price of 47,105 and 1473, respectively, buying 22.1 million and 17.9 million US dollars, a total of 40 million US dollars. CEO Cai Wensheng said that Meitu's purchase of Bitcoin and Ethereum this time is a value reserve for the long-term development of the blockchain strategy. This Chinese company has also included Bitcoin and Ethereum on its balance sheet, which can be regarded as opening a new chapter in China. Cai Wensheng was in the main group of blockchain at 3 o'clock in 2017. He should have been involved in Bitcoin quite early. Therefore, his understanding will be relatively deep. If he dares to buy above 47,000, he should have his own logic, which is worthy of our reference.
There isn't much news. It's early on Monday morning in the United States. Wait for the US stock market to open. The expectation is not too high, at least it is a low opening.
Market analysis
Bitcoin:
Bitcoin is currently still high and fluctuating, and there is no new direction. The key point of 52500 is really not so easy to pass. It has been stunned after several times of going up, and there will be support in the 49,000 area. Judging from the miners’ selling pressure index, the overall supply is currently not large. From the perspective of institutional purchases, the demand is not too large. Therefore, high fluctuations may still be the main tone. The choice of direction is not so fast. It is expected to continue between 48500-51000. Occasionally, it is more reasonable to sell high and buy low.
ETH:
The trend is obviously stronger than Bitcoin, and the huge amount of money flowing into the exchange has not been smashed, indicating that the degree of acceptance is still sufficient. After the subsequent shocks, it is expected to continue to be stronger than Bitcoin. From the data point of view, there are more than 12.77 million Ethereum addresses with more than 0.01 ETH. Although it continues to hit new highs, the overall feeling is still very small. There are only a few million investors in the world (several addresses per capita), waiting for the next wave of big increases At the time, the potential is still great.
DOT:
15.78 million unlocked this week, 11.38 million pledged last week, the number is basically the same, and overall there is no significant impact. Yesterday’s rebound volume could be too small, which is not good for the market outlook. After the shock, there is still room for a fall, and you can continue to wait.
XRP:
The CEO took advantage of the SEC again, saying that the United States is the only country that believes that XRP is a security, and that even if Ripple disappears, XRP will still be traded. This matter is actually unnecessary. The SEC estimates that he is going to get him again. I suggest you come out first and not gambling with him. Xiao San's greatest power is to vote with his feet.
LINK:
The trend is OK, continue to hold the main.
BCH:
Weak, don't play.
LTC:
Without the blessing of gray scale, he is not good at it. It should be better after gray scale work tonight to tomorrow. The whole is still linkage.
ADA:
It is still not strong, and the overall situation is still volatile.
TRX:
Tron is going to mine again. It is estimated that these Tron systems can make a strong wave. Representative works: SUN, WIN, BTT, and JST pay attention to the wave, and run away when it rises.
UNI:
It's too fierce, I won't chase this position, the risks outweigh the benefits.
DOGE:
It’s still a big sell-off, but today’s rise has exceeded expectations. It seems that it cannot be beaten to death with a single shot. There is still a chance in the future.
YFI:
Recently, various pools are competing with each other, and the mining boom has come again. The machine gun pool obviously has the logic to increase, and it is likely to continue to increase. The representative works are YFII, YFV, and YI.
There is nothing to add, the shocking market is likely to remain unchanged.
That's it for today, see you tomorrow~!
