Foresight Ventures Weekly Market Report: The market is breathing upwards, and NFT is close to bottoming out
A. Market View
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Monetary liquidity improved. The market is waiting for the Fed's interest rate meeting on May 4. It is expected to raise interest rates by 25 basis points, which is likely to be the last rate hike. The U.S. banking crisis continues to intensify, monetary policy shifts or accelerates, and interest rates are expected to be cut within this year. The Russia-Uzbekistan situation is expected to lead to a truce and peace talks, which is good for risky assets. Both U.S. stocks and the U.S. dollar index weakened, and the crypto market rebounded.
Second, the whole market
The top 100 gainers by market capitalization:
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Second, the whole market
The top 100 gainers by market capitalization:
The market fluctuated and rose this week. The dominance rate of BTC continues to rise, and the correction and decline of altcoins are more tragic. Market hotspots focus on the BTC ecology.
RNDT: RNDT on the Arbitrum chain is essentially a plate. The V2 version requires users to lock dlp for a period of time to obtain platform fee income. And you need to buy dlp with 5% of the principal to get mining rewards. The market is good and will continue the time of the plate.
3. BTC market
1) Data on the chain
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3. BTC market
The market is in recovery phase. BTC is roughly in line with the total cost of mining, and mining hashrate climbed to a new all-time high. Capital gains were similar to 2019, but the rebound was smaller than in 2019.
2) Futures market
Funds were basically flat, and no new funds entered the market. Among them, the stable currency USDT has increased significantly to 81.4 billion, which is about to reach a historical high of 83.2 billion. Other stablecoins other than USDT continued to decline.
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 0.62, entering the recovery phase.
2) Futures market
Futures funding rate: The rate is very low this week, and the market sentiment is low. 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: 1.2. Retail investors are in a normal mood. Retail investor sentiment is mostly a reverse indicator, below 0.7 is more panic, and above 2.0 is more greedy. The long-short ratio data fluctuates greatly, and the reference significance is weakened.
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1. The total lock-up volume of the public chain
2. Proportion of TVL of each public chain
1. The total lock-up volume of the public chain
5) Polygon lock-up volume
3. The lock-up volume of each chain agreement
1) ETH locked position situation
2) BSC locked position situation
3) Tron lock-up volume
4) Avalanche lock-up volume
5) Polygon lock-up volume
6) Arbitrum lock-up volume
7) Optimism lock-up volume
6) Arbitrum lock-up volume
The current on-chain transfer fee is about $1.43, a drop of about 61% compared to the same time last week, Uniswap transaction fees are about $12.93, and Opensea transaction fees are about $5.02. The reason for the difference in gas is mainly due to the collective explosion of memes last week, and the gas rose sharply. This week, the market was not hot enough, and the gas returned to the level of two weeks ago. From the perspective of gas consumption, Uniswap occupies the top position.
5. Changes in NFT market data
1) NFT-500 index:
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5. Changes in NFT market data
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6. The latest financing situation of the project
About Foresight Ventures
Foresight Ventures bets on the innovation of cryptocurrency in the next few decades. It manages multiple funds: VC fund, secondary active management fund, multi-strategy FOF, special purpose S fund "Foresight Secondary Fund l", with a total asset management scale of more than 4 One hundred million U.S. dollars. Foresight Ventures adheres to the concept of "Unique, Independent, Aggressive, Long-term" and provides extensive support for projects through strong ecological forces. Its team comes from senior personnel from top financial and technology companies including Sequoia China, CICC, Google, Bitmain, etc.
Website: https://www.foresightventures.com/
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.
