Liulianyang! Will the benefits of BTC and ETH drive further growth in the market or will it repeat itself?
Editor's Note: This article comes fromHot Wheels Community (ID: FHBT18), Author: Pepe, reproduced by Odaily with authorization.
Hot Wheels Community (ID: FHBT18)
, Author: Pepe, reproduced by Odaily with authorization.
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The growth of the market value has exceeded the investment in hoarding coins. How much do you think they care about the ups and downs of the big pie, and this kind of curve saving the country is not the first story, so there is also a kind of opinion that, in fact, such Buying news will be more to catch the heat and save the stock market value.
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Of course, for investors, such a routine may also be an opportunity in turn, such as buying stocks of companies that hold btc:
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2. The decline of the "air force base" Bitmex
At present, bitmex is still operating normally, has changed executives, and began to pay attention to compliance and needs kyc, but because of this incident, it still hurts the vitality, the platform transaction data has declined, and some assets have been transferred to Binance and other exchanges.
Some public opinion believes that this is actually good for the currency circle. Bitmex had no kyc and no restrictions before. Although this made it grow stronger, it provided the opportunity for big whales to manipulate the market. If it really declines due to this incident, it said Maybe we can say goodbye to Huamen Quotes:
Of course, there is also a side of opinion that it is the opening of bitmex that provides better price discovery for the btc market.
And although his family’s data has declined, they are still at the forefront of the encrypted derivatives market. As for whether we will never see the above trend again, we can wait for time to give an answer. I feel that in a free and In a market without restrictions on trading rules, everything is possible, rather than shutting down a certain platform will change.
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3. Ethereum Grayscale Trust was approved by the SEC
This can be regarded as a big news last night, affected by the news, eth jumped up by 3 points in an instant.
This trust is approved, and many people may still be a little confused. In fact, Ethereum originally had a trust fund on Grayscale. The name is ETHE. This fund is in a closed form. Now that it has been approved by the SEC, it means that this primary market is open to more compliant funds or institutions.
What makes the market more excited about this is that this is likely to mean that the corresponding eth holdings behind ETHE will increase, or even increase significantly.
This is analogous to the SEC review of Bitcoin’s Grayscale Fund in January this year. Since then, the holdings have increased all the way, which has increased tenfold compared to last year.
Recent grayscale holdings:
It seems that the amount of ether locked up is already worth 800 million US dollars?
Realities to be aware of:
You should also be able to feel from the changes in BitTrust, and it will not only rise but not fall because of the purchase of such a fund. There is a reason here that more of it is arbitrage, and the first-level investment unlocks and expires through the secondary market premium Sell to overseas retail investors.
This is the quotation of ETHE today. It corresponds to 0.1eth. At present, there is still a premium of less than double. In June this year, the premium was as high as ten times. ETHE has fallen by almost 80%.
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After the SEC passed this time, the lock-up period of the fund will be shortened from 12 months to 6 months, which also means that the premium on ETHE will be a further blow. If the arbitrage space is limited, will there be a larger level The growth of market positions may also be a problem.
We don't know what will happen if one day this premium disappears, or even becomes negative?
Of course, in addition to the selling pressure from unlocking, the disappearance of the premium may also be due to the declining enthusiasm of retail investors.
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