Foresight Ventures Weekly Brief: Keep dancing 'til the music stops
Market View:
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Currency liquidity has tightened. U.S. CPI rose 6.4% year-on-year in January, slowing for the seventh consecutive month, and was expected to be 6.2%, compared with the previous value of 6.5%. The fall in inflation is slower than expected, and the Fed will continue to raise interest rates, and the market is no longer 100% betting on a rate cut this year. The dollar index rebounded on the week, suppressing risky assets. The hawkish expectations of the Federal Reserve have been digested, and the U.S. stock market is negative and fluctuates upwards. The crypto market rebounded from lows.
2. The whole market
The top 100 gainers by market capitalization:
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2. The whole market
The top 100 gainers by market capitalization:
BGB: The platform currency of the Bitget exchange has recently hit a record high, and its market value has entered the top 100. The main profitable business of BGB is the contract, and the contract ranks among the top five in the world. The spot new currency business has been very popular in recent months, and it is possible to open its own public chain in the future. BGB and OKB are relatively similar, with average short-term explosive power, but they are long-term slow cattle breeds.
3. BTC market
1) Data on the chain
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3. BTC market
BTC long-term investors hold firmly. The number of BTC held for a long time is still on an upward trend, approaching 67% from the all-time high. The data of holding positions that have not been moved for more than half a year shows that about 1.4 million BTCs are in an unmoved state, accounting for 73% of the total circulation. In addition, the total number of BTC non-zero balance addresses has reached an all-time high of 44 million.
2) Futures market
Market funds were basically flat. The United States has strengthened the supervision of stablecoins, and BUSD, which ranks third, is likely to gradually withdraw from the stage. The market lacks incremental funds to enter the market, and the whole is still in the stock game stage.
The long-term trend indicator MVRV-ZScore is based on the total market cost and reflects the overall profitability of the market. When the indicator is greater than 6, it is the top interval; when the indicator is less than 2, it is the bottom interval. MVRV fell below the key level 1 and holders were overall in the red. The current indicator is 0.17, out of the green bottom-buying range. .
Futures funding rate: This week's rate was positive but fell rapidly, indicating that the main market forces have divergences. 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.
3) Spot market
This week, the BTC daily level broke through, hitting a new rebound high, and the gold pit shape showed a strong performance. Although macroeconomic data and regulatory risks continue to affect market sentiment, the possibility of a sharp decline in the future is low, and the rebounding weekly trend is expected to continue. Once the market stabilizes, altcoins are expected to continue to outperform the broader market, focusing on strong altcoins that climb out of the pit ahead of schedule.
market data:
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2. Proportion of public chain
1. The total lock-up amount of the public chain
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2. Proportion of public chain
This week, the total TVL rose by 2.0 2B, an increase of 4.1%. From the perspective of the proportion of each chain, Arbitrum continued to grow, with a single-week increase of 0.18%, while the BSC chain was the largest share, with multiple The decline in TVL of the agreement may also be affected by the BUSD event to a certain extent. The current proportion has fallen below 10%. Users may switch from BSC to Arbitrum. From the perspective of the agreement, Balancer has experienced a large increase, which may be in In the deterministic LSD track, it still occupies a relatively dominant position, resulting in rapid growth of its TVL.
1) ETH lock-up volume:
2) BSC locked position status:
3) Tron lock-up volume:
5) Polygon lock-up volume:
6) Arbitrum lock-up volume:
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3. History of ETH Gas fee
The current average transaction fee on the chain is about $3.89, the average transaction fee on Uniswap is about $13.4, and the average transaction fee on Opensea is about $5.12. 1.6 times the cost, initially showing bull market expectations; From the perspective of gas consumption, Blur’s airdrops are obviously stimulating. Recently, its interaction volume has been much larger than that of the Opensea protocol, and the gas consumption in a single day exceeds 300 ETH. There has been a large increase, which indicates that the activity of users on the chain has greatly increased.
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4. Changes in NFT market data
The total market value of NFT has rebounded slightly. From the perspective of trading volume, the main source of recent trading volume growth is Blur. Its trading volume is basically the same as that of Opensea. With the end of the airdrop, Blur can show its true trading volume level; the project with relatively large trading volume recently is A KID called BEAST, whose image is expressed as a masked robber, symbolizing inner desire and privacy, and the trading volume within a week of its launch It has exceeded 10000 ETH.
The latest financing of the project
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.
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.
