Foresight Ventures Weekly Brief: Miners Bankrupt, Markets in Deep Dire
Market View:
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Market View:
2. The whole market
The top 100 gainers by market capitalization:
2. The whole market
The top 100 gainers by market capitalization:
The crypto market has generally fallen this week, with BTC falling by 5%. Institutional DCG-related FIL, ZEN, ETC, NEAR, etc. were sold off; at the same time, the discount rate of GBTC rose to a record low of 49%. Winter is upon us as Core Scientific, the largest miner by hashrate, files for bankruptcy.
1. OKT: OK ranks the highest in the transparency of audited assets in many exchanges. Currently, OKT has started liquid staking, and the staking yield in the wallet is 40%, and OKT can be borrowed for mining.
3. OP: The bedrock upgrade of the mainnet is about to begin. After the upgrade, the deposit time from L1 to L2 will be shortened from 10 minutes to 2.5 minutes, and the cost will also drop.
1) Data on the chain
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1) Data on the chain
2) Futures market
Futures funding rate: this week, the rate is the main one, the market sentiment is bullish, and ETH is stronger than BTC. The fee rate is 0.05-0.1%, and the long leverage is more, which is the short-term top of the market; the fee rate is -0.1-0%, and the short leverage is more, which is the short-term bottom of the market.
2) Futures market
Futures funding rate: this week, the rate is the main one, the market sentiment is bullish, and ETH is stronger than BTC. The fee rate is 0.05-0.1%, and the long leverage is more, which is the short-term top of the market; the fee rate is -0.1-0%, and the short leverage is more, which is the short-term bottom of the market.
Futures long-short ratio: 1.7. The sentiment among retail investors is bullish. The long-short ratio data fluctuates greatly, and the reference significance has been weakened.
This week is the week before Christmas and the market is bracing for the long holiday. BTC traded in a tight range after the plunge, with minimal volume and volatility. This year’s decline is driven by monetary policy. The Fed must save the recession. Most likely, it will substantially abandon the 2% inflation target and accept a 3% interest rate cut to save the economy. It is expected that interest rate hikes will be suspended from the second quarter of 2023, and all risk assets will rebound. In 2024, there will be a real bull market.
market data:
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market data:
2. Proportion of public chain
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1) ETH lock-up volume:
2) BSC locked position status:
3) Tron locked-up volume:
3) Tron locked-up volume:
4) Solana lock-up volume:
5) Avalanche lock-up volume:
6) Polygon lock-up volume:
7) Arbitrum lock-up volume:
8) Optimism locked-up volume:
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5. Changes in NFT market data
NFT-500 Market Cap:
NFT-500 Market Cap:
Overview of NFT market transactions:
The market size of each trading market:
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Disclaimer: All Foresight Ventures articles are not intended as investment advice. Investment is risky, please assess your personal risk tolerance and make investment decisions prudently.
The latest financing of the project
Disclaimer: All Foresight Ventures articles are not intended as investment advice. Investment is risky, please assess your personal risk tolerance and make investment decisions prudently.
Foresight Ventures backs innovative and disruptive Web 3 projects. We believe that the future of innovation will be defined by crypto. As early investors, we want to participate in the growth of the project and provide extensive support from our ecosystem.
Official website:foresightventures.com
Foresight Ventures backs innovative and disruptive Web 3 projects. We believe that the future of innovation will be defined by crypto. As early investors, we want to participate in the growth of the project and provide extensive support from our ecosystem.
Twitter: twitter.com/ForesightVen
Medium: foresightventures.medium.com
