Bitcoin Futures Contract Volume Drops to New Lows,Is the Market Entering a Consolidation Phase?丨Market Analysis

BTC market analysis

secondary titleBTC market analysisJudging from the fundamentals and news of BTC, there are actually no major market variables recently, and the biggest variable factors still need to wait for expectations.

Around June 10th to June 15th is very important news. The Laomei will announce the US CPI and employment rate again

At this stage, we can be more optimistic and judge that the current situation in this round, the United States will most likely stand still, because the economy has been gradually recovering, and the epidemic has been effectively controlled, showing a gradual downward trend. Therefore, there is a high probability that the US authorities will let the bullets fly for a while. I think this is one of the reasons why there is no fluctuation in the market at present.

illustrateAt the same time, from the data point of view, the open interest of CME Bitcoin futures fell to the lowest point this year, far below the previous average of 300 million U.S. dollars; the current total open interest is about 135 million U.S. dollars.illustrate

The entire market has been effectively de-leveraged in this downturn, The process of deleveraging is actually the process of eliminating bubbles. The lower the leverage, the lower the degree of bubbles. Therefore, the amount and energy of contracts is also an important reference indicator for market stability.From this stability indicator, it can be concluded that

BTC is currently entering a relatively safe and stable structural bottom

In the medium and long term, we will continue to see shocks.

ETH market analysis

secondary titleSingle indicator analysis without news market (no news market means that there is no major news change in the market, which will not cause large-scale changes in funds, which is a game of stock funds), from the perspective of the 4H cycle line of ETH30-60, 30 cycles The line goes down, and the 60-period line goes flat, which means that the 30-period line has no kinetic energy and needs time to adjust. From the analysis of the formula of the moving average, it is the waiting of volatility space and time, so in。

Before the 30-period line goes flat and the 60-period line does not go up, ETH is shrinking and oscillating, and 2400 is a stable axis

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DeFi sector

Monthly revenue from ethereum-based DeFi protocols reached an all-time high of $371.6 million in May, according to data compiled by The Block. Uniswap topped the list that month, accounting for 41.4% of the total monthly revenue of DeFi protocols, reaching $153.9 million. This is followed by Sushiswap with 20.3%, followed by Aave with 16.6%. Most of the revenue goes to the suppliers who provide liquidity to the protocol.

From this data situation, two key points of view can be analyzed:

1. With the decline of the market, DeFi will, like the contract volume, show a high point in May, and then move towards a callback situation. The DeFi market needs to die down for a while.

2. The most important attribute and judgment value of the DeFi market is that whoever can provide better and more liquid products will be more favored by users, because rather than making money, liquidity can determine whether the money earned can be as low as possible. take away. That's why UNI can be strong and strong, and the DeFi market can be strong and strong, and the accumulation of experience and advantages has become a market for advancers.Therefore, when the market is in a bear market, we can fully observe what innovators in the DeFi market are doing and prepare, so as to ensure that they can exit more innovative products and provide better liquidity during a bull market. Better user experience and more.

The door to another world is gradually opening, and we are also full of expectations.

DOT/KSM market analysis

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DOT/KSM market analysis

I have analyzed for you before that Polkadot’s status quo and technology advancement are not optimistic, but from these unoptimistic status quo, we have seen an optimistic and working team, and we have seen more and more people Recognized the value of Polkadot, such as "NGM of the Swedish Stock Exchange has launched Polkadot ETP of Valor Company" yesterday, so we need to give a little patience to this innovative track, at least now this track has few competitors, the vast desert Need to give him some time to develop.Therefore, we adhere to the multiple investment concepts of wait-and-see value investment and deep participation in speculation to conduct follow-up investment. The secondary market is like this, but the primary market is different.