Market analysis: Bakkt will push Bitcoin options, CFTC or quasi-Ethereum futures

特邀专栏作者

2019-10-11 18:01 (UTC+8)

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Just now the market staged a double burst of long and short, and there is a possibility of rebounding upward after a short-term downward trend.

AI Summary

Just now the market staged a double burst of long and short, and there is a possibility of rebounding upward after a short-term downward trend.

Abstract: At present, the main force has strong control over the market, the news is both good and bad, and the market is uncertain. Just now the market staged a double burst of long and short, and there is a possibility of rebounding upward after a short-term downward trend.

According to the statistics of QKL123, at 13:00 on October 11, 2019, the total market value of the global Token market was 1,672.759 billion yuan, the 24-hour total market value increased or decreased by +0.17%, the total turnover was 432.933 billion yuan, and the total turnover change was -11.23% , the market activity has decreased. Among the top ten encrypted assets by market capitalization (excluding USDT), BTC has the largest 24-hour increase (+1.43%), and XLM has the largest 24-hour decrease (-2.13%). The Babbitt Composite Index reported 12054.34 points, with a 24-hour change of +0.79%, reflecting a slight recovery in the broader market.

The Bitcoin Strength Index reported 94.69 points, with a 24-hour change of +2.00%, indicating that the relative performance of Bitcoin in the entire market continues to be strong; the Alternative Sentiment Index is 39, an increase from yesterday (41), and the market sentiment is still fearful . The 24-hour price change of USDT was -0.22%, and the net inflow of funds today was 376.1032 million yuan, which was an increase from yesterday; the ChaiNext USDT OTC discount and premium index reported 100.28, and the 24-hour price change was +0.25%.

Analyst view:

According to sources from Intercontinental Exchange, Bakkt is planning to launch another derivative product related to Bitcoin, intending to develop Bitcoin options business to compete with CME, and hopes to take the opportunity to defeat the opponent. On the 20th of last month, CME announced that it will launch bitcoin options in the first quarter of next year, and is currently awaiting regulatory review. Compared with futures, options can provide additional flexibility (such as strike price and expiration options), which is beneficial for users to better implement strategies or hedge volatility risks. Can Bakkt beat CME to the punch, or is it just for the hype? let us wait and see!

Good news for Ethereum yesterday, Tarbert, chairman of the US Commodity Futures Trading Commission (CFTC), said at the Yahoo Finance Market Summit: ETH is a commodity, so it falls under the jurisdiction of CFTC, and it is expected that CFTC will allow ETH derivatives to trade in the US market. trade. If ETH futures are confirmed, this will be a major benefit for ETH, which may detonate a new round of mad bull market, but at least we need to see whether ETH can successfully transition to ETH 2.0.

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

1. Long term (1-3 years)

5. Analyst strategy

1. Long term (1-3 years)

3. Short term (1-3 days)

2. Midline (January-March)

At present, Bitcoin is near the 200-day moving average, and it is more likely to build a bottom and go up in the short term, and it is mainly to increase positions on dips.

3. Short term (1-3 days)

Not yet out of the bottom range, wait and see.

ETH

BTC

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