Foresight Ventures Weekly Market Report: The market decouples US stocks, and NFT hotspots recover

Foresight

特邀专栏作者

2022-10-03 10:58 (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

1. Macro liquidity

2. The whole market

The top 100 gainers by market capitalization:

Overall monetary liquidity tightened. The Federal Reserve's hawkish stance triggered a new round of dollar liquidity tensions, and the U.S. dollar index hit a 20-year high. The interest rate on 10-year U.S. bonds has exceeded 4%, which is higher than the average dividend rate of 2.5% on U.S. stocks, which increases the opportunity cost of risky assets. It is expected that the current situation will not be effectively alleviated until November sees that the high base number can promote the effective decline of US inflation in October and drive down expectations of tightening. U.S. stocks rebounded from oversold after five consecutive losses. Cryptocurrencies refused to keep up with the U.S. stocks, showing signs of gradual decoupling.

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1) XRP: The lawsuit between the US SEC and RIPPLE on whether the sale of XRP violates the securities law has been accelerated, but it is expected that it may still take 2-9 months. If the lawsuit wins or further deepens the legalization of the use of cryptocurrencies in commerce . There are rumors in the market that XRP is preparing to launch an IPO after the SEC lawsuit is settled, but after the IPO, the value will be transferred from TOKEN to stocks.

3. BTC market

1) Data on the chain

2) ETHW: Among the several forked coins of ETH, the computing power of ETC is 160TH/S, that of ETHW is 45TH/S, and that of ETHF is 5TH/S (unsafe). ETHW's NFT project Beetle has increased by about 3,000 times in a week from the whitelist, and the local dog coins UNIW, POW, and OKDEX have also increased by about 5-10 times.

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1) Data on the chain

2) Futures market

The HODLer class remains steadfast. The number of addresses holding more than 1 BTC exceeded 900,000, a record high. The proportion of holdings for more than one year reached a record high of 66%, indicating that short-term holders are converting into long-term holders. Compared with the 474-day retail investor cleaning cycle in the bear market in 2018, this cycle has lasted for 426 days, which is close to the historical low.

European funds enter the market. The market value of stablecoins rose by US$190 million this week, which means that although American investors have withdrawn, European funds have begun to enter the market. It is mainly reflected in the fact that USDC’s market value has decreased by US$180 million, while BUSD has increased by US$370 million. The market that has lost US investors may gradually get rid of the influence of US stocks.

2) Futures market

3) Spot market

Futures long-short ratio: 1.6. in the normal range. The long-short ratio data fluctuates greatly, and the reference significance has been weakened.

market data

3) Spot market

market data

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There was a false breakthrough in the market this week, and the overall price was basically the same as last week; the overall TVL showed a slight increase, with an increase of 1.1B this week, and the overall increase was 2.04%.