Market analysis: Bakkt options are ahead of CME; quantum computers are not enough to worry about

特邀专栏作者

2019-10-25 17:46 (UTC+8)

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The broader market has stabilized, but the rebound is weak, mainly in short-term range shocks. In the near future, Bitcoin is facing a bull-bear choice, and the market is likely to bottom out and go up.

AI Summary

Summary: The broader market has stabilized, but the rebound is weak, and the short-term range shocks are the main ones. In the near future, Bitcoin is facing a bull-bear choice, and the market is likely to bottom out and go up. Bakkt announced yesterday that it will launch a compliant Bitcoin option contract in December; quantum computers do not pose a threat to encryption technology yet, and the community will have countermeasures in the future.

According to the statistics of QKL123, at 13:00 on October 25, 2019, the total market value of the global Token market was 1,489.445 billion yuan, with a 24-hour total market value increase or decrease of +0.84%, the total turnover was 404.700 billion yuan, and the total turnover change was -29.81% , the market activity decreased significantly. The Babbitt Composite Index reported 10490.13 points, with a 24-hour change of +0.82%, reflecting a rebound in the broader market; the Bitcoin Strength Index reported 91.97 points, a 24-hour change of -1.01%, and the relative performance of Bitcoin in the entire market has weakened The Alternative sentiment index is 24, a slight increase from yesterday (20), and the market sentiment is still extremely fearful.

Among the top ten encrypted assets by market capitalization (excluding USDT), BSV has the largest 24-hour increase (+13.62%), and BNB has the largest 24-hour decrease (-0.71%). USDT’s 24-hour price change was -0.29%, and the current net inflow of funds today is -20.1364 million yuan, which is a reversal from yesterday; the ChaiNext USDT OTC discount and premium index reported 101.29, and the 24-hour price change was -0.01%.

Analyst view:

Bakkt announced yesterday that it will launch the first bitcoin futures-based compliant option product on December 9, and will launch a market maker plan to facilitate bitcoin futures contract transactions in the future. The day before yesterday, the 24-hour trading volume of Bakkt Bitcoin monthly futures (more than 450) hit a new high, but it fell back significantly today (more than 310), and the relative trading volume is still small. Since CME announced in September that it will launch bitcoin options in the first quarter of next year, Bakkt has launched a product before CME, and there will be a limited-time fee-free event.

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 dropped significantly. The number of 24-hour active users of the game EOS Dynasty is 3k, a change of -3.13% from yesterday; the number of 24-hour active users of the quiz application Dice is 2.3k, a change of -15.59% from yesterday; the number of 24-hour active users of the trading application Newdex is 1.3k, a change of 1.3k from yesterday Change -15.01%; the number of 24-hour active users of the data application Lumeos is 1.1k, a change of -3.14% from yesterday.

5. Analyst strategy

1. Long term (1-3 years)

The long-term trend of BTC is positive. At present, there is a high probability that it is in the stage of partial adjustment. The mad bull market is likely to come in the next one to two years, so increase the position. The relative price of BTC of the leading smart contract platform ETH, the leading altcoin LTC, and the leading DPoS EOS is close to the low point of the year and can be properly configured.

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)

Shock and rebound in a short period of time, small positions can be backed by support, absorb low and sell high, break the position and stop the loss.

ETH

BTC

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