Foresight Ventures Weekly Market Report: Risks have eased and market sentiment has risen

Foresight

特邀专栏作者

2022-07-11 14:30 (UTC+8)

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List of important news of the week in the market.

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List of important news of the week in the market.

market view

macro liquidity

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On-chain indicators

macro liquidity

On-chain indicators

BTC Long-Term Market Indicators

The fundamentals of the Crypto industry have not yet seen improvement. In June, the transaction volume of the centralized exchange CEX decreased by 24% month-on-month, and the transaction volume of the decentralized exchange DEX decreased by 36% month-on-month. The number of DeFi users decreased by 80% month-on-month, and the volume of NFT transactions decreased by 73% month-on-month. The income of BTC miners decreased by 26% month-on-month, and the income of ETH miners decreased by 46% month-on-month.

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BTC Long-Term Market Indicators

The long-term trend indicator MVRV-ZScore is based on the total market cost and reflects the overall profitability of the market. When the index is greater than 6, it is the top interval; when the index is less than 2, it is the bottom interval. The current index is -0.07, which has touched the green range of the bottom of previous bear markets.

Futures funding rate: The funding rate has turned to a relatively large bullish position. The fee rate is 0.05-0.1%, with more long leverage, which is the short-term top of the market; the fee rate -0.1-0%, with more short leverage, is the short-term bottom of the market. With the June CPI data now around a week away, traders are taking an increasingly optimistic stance.

BTC trend analysis

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Top 100 plate rises and falls

This week, BTC has rebounded sharply by 12%, and there is a lack of hot spots in the market. COSMOS ecological EVMOS, RUNE, ATOM led the rise. EVMOS has recently pledged a high yield of 570%, attracting funds to lock up and reinvest. ATOM plans to launch a cross-chain security sharing mechanism to empower token value capture. AAVE intends to launch a collateralized stablecoin similar to SPELL. Kucoin, HT, and GATE’s platform coins led the decline, and small and medium-sized exchanges may encounter difficulties in a bear market.

market data

The total lock-up volume of the public chain

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Proportion of TVL of each public chain

The lock-up amount of each chain agreement

1. ETH lock-up volume

2. BSC lock-up volume

3. Tron lock-up volume

4. Solana lock-up volume

1. ETH lock-up volume

3. Tron lock-up volume

7. Fantom lockup volume

4. Solana lock-up volume

7. Fantom lockup volume

History of ETH Gas fee

The current on-chain transfer fee is about $2.42, the Uniswap transaction fee is about $5.97, and the Opensea transaction fee is about $3.48. This week, the average daily gas fee on the chain has increased, basically returning from around 15 to the 30 range, and the chain is active degree has been enhanced.