Foresight Ventures Weekly Market Report: The more intense the rate hike, the faster the pain will end

Foresight

特邀专栏作者

2022-07-18 16:30 (UTC+8)

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A list of the important news of the week.

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A list of the important news of the week.

market view

macro liquidity

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On-chain indicators

macro liquidity

On-chain indicators

BTC Long-Term Market Indicators

Net outflows from BTC exchanges remained strong, with exchange balances seeing their largest monthly drop ever, reaching an outflow rate of 150,000 BTC/month. Contrary to the trend of BTC, ETH has a large net inflow on exchanges.

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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 -0.02, which has touched the green range of the bottom of previous bear markets.

Futures funding rate: This week's funding rate is dominated by bulls, but the long-short view can also be reversed at any time, and there has not been a situation where there is a significant lead in one direction. 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.

BTC trend analysis

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Top 100 plate rises and falls

BTC fell slightly by 2.7% this week, with altcoins outperforming the broader market. The DEFI sector led the gains as a whole. The best-performing assets are usually event-driven, including Aave, which released the GHO stablecoin, LDO, which benefited from ETH2.0, and Ploygon, which cooperated with Disney, etc. Enjin, Decentraland, and APE in the Metaverse sector led the decline, which may be related to the lower than expected number of daily active users in the Metaverse.

market data

The total lock-up volume of the public chain

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Proportion of TVL of each public chain

3) Tron lock-up volume

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

5) Avalanche lockup volume

6) Polygon 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 $2.06, the Uniswap transaction fee is about $7.02, and the Opensea transaction fee is about $2.72. Under normal conditions, due to the complexity of the contract, the Opensea transaction fee is much higher than the Uniswap transaction fee. The reversal, on the one hand, shows that Opensea’s Seaport protocol has made a major breakthrough in saving Gas fees, and on the other hand, it shows that the recent transaction activity of tokens is much higher than that of NFT transactions.