Market analysis: Bitcoin fell back after encountering obstacles, and altcoins performed strongly

特邀专栏作者

2019-09-09 18:39 (UTC+8)

This article is about 3658 words, reading the full article takes about 6 minutes

For a short time, Bitcoin fell back, but the performance of altcoins was relatively strong. In the short term, the market adjustment tends to be at the end, and the possibility of stabilization in the near future has further increased.

AI Summary

According to the statistics of QKL123, at 13:00 on September 9, 2019, the total market value of the global Token market was 1,914.064 billion yuan, the 24-hour total market value increased or decreased -1.99%, the total turnover was 342.774 billion yuan, and the total turnover changed -11.26% , the market activity has decreased. The Babbitt Composite Index reported 13565.93 points, with a 24-hour change of -1.71%; the Alternative sentiment index was 41, a slight drop from yesterday (43), and the market sentiment remained fearful.

Among the top ten encrypted assets by market value (excluding USDT), EOS has the largest 24-hour increase (+1.71%), and XMR has the largest 24-hour decrease (-2.82%). BTC’s 24-hour change was -2.02%, and its market capitalization ratio (68.79%) was slightly lower than yesterday’s. ETH’s 24-hour price fluctuation was -1.59%, and its market capitalization ratio (7.14%) was slightly higher than yesterday’s. high. USDT’s 24-hour change was +0.10%, and the net inflow of funds today was 127.6601 million yuan, a significant increase from yesterday. The ChaiNext USDT OTC discount and premium index reported 100.41 points, with a 24-hour change of -0.21%.

In the past day, the relative value of global Bitcoin Google searches (peak value 69) has decreased from the previous period (peak value 70), approaching the low point within the month. The top seven most popular countries and regions are Nigeria (100), Ghana (51), South Africa (48), Brazil (47), Austria (40), Switzerland (36) and Germany (35). In the past seven days, the average Baidu search index for Bitcoin (38,842) has increased by 29% compared with the previous seven days, and increased by 87% compared with the same period last year.

Analyst's opinion: Recently, Bitcoin's upward attack of 11,000 US dollars encountered resistance and then fell back, while altcoins performed strongly, USDT showed a significant premium, and there were signs of market capital inflows, and it is expected to stabilize upwards in the near future. The large-value transfer that occurred on September 6 has not yet undergone any changes, and the feasibility of smashing the market has been further reduced.

1. Spot BTC market

1. Funding

2. Fundamentals

2. Spot ETH market

1. Funding

2. Fundamentals

3. Spot LTC market

1. Funding

2. Fundamentals

4. Spot EOS market

1. Funding

2. Fundamentals

According to the statistics of DappRadar, the overall activity of EOS DApp in 24 hours has decreased. Among them, the number of 24-hour active users of the game PROSPECTORS is 3k, a change of +0.34% from yesterday; the number of 24-hour active users of the guessing application Dice is 766k, a change of -38.92% from yesterday; the number of 24-hour active users of the data application Lumeos is 1.5k, a change of 1.5k from yesterday Change +0.07%; the number of 24-hour active users of trading application Newdex is 1.3k, a change of -3.72% from yesterday.

1. Long term (1-3 years)

2. Midline (January-March)

3. Short term (1-3 days)

Babbitt Composite Index (8BTCCI) is composed of the most representative Tokens with large scale and good liquidity in the existing blockchain global market, to comprehensively reflect the price performance of the entire blockchain Token market.

6. Appendix - Index Interpretation

1. Babbitt Composite Index

Fear & Greed Index (Fear & Greed Index) reflects changes in market sentiment, 0 means "extreme fear", 100 means "extreme greed". The components of this indicator include: volatility (25%), trading volume (25%), social media (15%), online questionnaires (15%), market share (10%), and trends (10%).

4. Google Search Trends

ChaiNext USDT OTC Discount Index (USDT OTC INDEX) is obtained by dividing the USDT/CNY OTC price by the offshore RMB exchange rate and multiplying by 100. When the index is 100, it means USDT parity, when the index is greater than 100, it means USDT premium, and if it is less than 100, it means USDT discount.

4. Google Search Trends

7. The number of active addresses on the chain

5. Net capital inflow (outflow)

This indicator reflects the inflow and outflow of funds in the secondary market. By calculating the difference between inflows and outflows of global exchanges (not excluding false transactions), a positive value indicates a net inflow of funds, and a negative value indicates a net outflow of funds. Among them, the transaction volume when it rises is counted as inflow of funds, and the turnover when it falls is counted as outflow of funds.

6. Number of currency days destroyed

Bitcoin Coindays Destroyed refers to the product of the number of bitcoins traded on the chain and the number of days bitcoins are held. The larger the value, the greater the risk of selling pressure on the secondary market. Classification of the number of BTC coin days destroyed: greater than or equal to 100 million is the maximum value; 50 million to 100 million is the larger value; 10 million to 50 million is the median value; less than or equal to 10 million is the small value value. Classification of the number of LTC coins destroyed per day: the maximum value is greater than or equal to 500 million; the larger value is 100 million to 500 million; the median value is 50 million to 100 million; the smaller value is less than or equal to 50 million.

7. The number of active addresses on the chain

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Note: Encrypted assets are high-risk assets. This article is for decision-making reference only and does not constitute investment advice.

QKL123 (Blockchain 123) is a comprehensive data service provider integrating blockchain website navigation, digital currency market, and blockchain data.

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