Foresight Ventures Weekly Market Report: The market rebound peaked and fell, and primary financing hit a freezing point
market view
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macro liquidity
Overall monetary liquidity tightened. The market is currently in a policy vacuum. The Federal Reserve released the FOMC minutes on Wednesday, and it will shrink its balance sheet by $95 billion per month from September to November. A rate hike of 75 basis points is still possible if data ahead of the next meeting in September show the labor market is overheating, or if inflation turns higher. The hawkish calls of Fed officials pushed the U.S. dollar index above 107, a one-month high. BlackRock says it will launch a BTC private trust for institutional clients. The U.S. stock market has rebounded strongly recently, while BTC has lagged behind severely.
On-chain indicators
BTC is still dominated by the long-term hoarding party. As long-term holders refused to sell at low points, BTC holding addresses that had not moved for more than a year increased to an all-time high of 66%. The exchange outflow continued to intensify. After the LUNA incident in May, the overall net outflow of the exchange was 100,000 BTC.
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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 indicator is 0.19, returning to neutral and out of the green bottom range.
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Futures funding rate: This week's funding rate is low, indicating that there are more stop losses and liquidation due to callbacks. 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.
Futures long-short ratio: 2.0. There are many bulls, and the market has a short-term downside risk. The long-short ratio data fluctuates greatly, and the reference significance has been weakened.
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BTC trend analysis
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market data
The total lock-up volume of the public chain
The total lock-up volume of the public chain
Proportion of TVL of each public chain
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3) Tron lock-up volume
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
5) Avalanche lockup volume
6) Polygon lock-up volume
History of ETH Gas fee
NFT market data changes
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Overview of NFT market transactions
NFT market data changes
NFT index market capitalization
Although many traditional artists and major manufacturers have started NFT casting, they still cannot resist the decline in the overall market value of NFT. In the past month, the overall market value of NFT has dropped by more than 30%. Except for Opensea, the leader of ETH, and Magic eden, the leader of Solana, the rest of the market can only rely on the platform’s trading volume and transaction incentives to maintain a stable surface. Among them, Opensea’s biggest advantage lies in its brand influence, making it the first choice for emerging projects. , half of the daily transactions are provided by the continuous flow of new projects; while Looksrare and X2Y2 basically rely on fraudulent transactions to maintain their top rankings in order to attract some users, but the current form of transaction mining is still unable to maintain relatively high High transaction volume, when the market turns better and there is a large amount of selling pressure, it may still be difficult to turn around; on the other hand, transaction mining is the most effective method that has been proven. Element uses snapshot airdrops and initial transaction mining The mine has pushed itself to a high point, but how much of it is the brush volume, how much is the user and finally retained, we still need to pay attention.
The latest financing of the project
