Exchange Weekly | BISS is characterized as an illegal fund-raising fraud; HT, OKB fell by more than 30% (11.18-11.24)

Produced by Odaily

Editor | Hao Fangzhou

Produced by Odaily

The supervision of exchanges in various places is becoming more and more stringent;

Bakkt trading volume has recently increased significantly;

Exchange Weekly Trends

Exchange Weekly Trends

On November 23, the digital currency exchange BISS was identified as an illegal fundraising fraud.

On November 24, Binance survey: 92% of institutional users choose to store their assets on the exchange.

On November 21, the Kraken exchange launched a membership program to reward participants who refer users.

Exchange data statistics

Exchange data statistics

source:

source:Alexa   

According to Alexa statistics, the Binance website UV (unique visitors) this week was 640,000/day, a decrease of 75% compared with last week; at the same time, PV (page views) was 3.776 million/day, a decrease of 73.3% compared with last week %. As the leading exchange in the encryption world, Binance accounts for most of the market traffic, which shows that the overall market traffic has declined recently.

source:

source:Dapptotal      

Note: According to the statistics of Dapptotal combined with the historical price trend of BTC, it is found that the number of active users of DEX users is positively correlated with the price. In December 2017, the price of BTC reached a peak of 120,000 US dollars, and the number of users of Dex reached a peak of 9340; in April and May of 2018, the price of BTC rebounded again, and the number of active users of DEX also rebounded again; therefore, the number of users of DEX can be used as a judgment A reference indicator of market trends, but in the transaction volume and number of transactions counted by Dapptotal, the research institute found that its trend is not as highly correlated as the number of users and the price of BTC, so the number of users is intercepted as a reference indicator.

Note: According to the statistics of Dapptotal combined with the historical price trend of BTC, it is found that the number of active users of DEX users is positively correlated with the price. In December 2017, the price of BTC reached a peak of 120,000 US dollars, and the number of users of Dex reached a peak of 9340; in April and May of 2018, the price of BTC rebounded again, and the number of active users of DEX also rebounded again; therefore, the number of users of DEX can be used as a judgment A reference indicator of market trends, but in the transaction volume and number of transactions counted by Dapptotal, the research institute found that its trend is not as highly correlated as the number of users and the price of BTC, so the number of users is intercepted as a reference indicator.

source:

source:Bitrss

The statistics in the picture show CME’s interest in holding positions in the past week. At present, the short positions of hedge funds are significantly higher than the long positions, and they are more inclined to short positions.

source:

source:Bakkt Volume Bot 

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Among them, the green line is the price trend of BTC, the orange line is the price trend of BNB, and the blue line is the price trend of HT.

source:tradingview

Among them, the green line is the price trend of BTC, the orange line is the price trend of BNB, and the blue line is the price trend of HT.

The price of Bitcoin has plunged several times this week and is currently closing at $6,940. The performance of HT and BNB is similar to that of BTC, looking for new lows in half a year.

source:

source:aicoin

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analyst point of view

Regulation will become more stringent

This week, the BISS exchange was identified as an illegal fund-raising fraud, and Caijing.com named MXC and BIKI one after another.

The flow of top exchanges has dropped sharply, and short sellers have taken the initiative

Binance's recent website traffic has dropped sharply, indicating that the current cryptocurrency market is not very popular. Judging from the interest in holding positions in statistics such as CME and OKEx, short positions have taken the initiative. The sentiment of retail investors has reached extreme panic, and it is not recommended to go against the trend.