Foresight Ventures Weekly Market Report: Insufficient funds in the venue, Meme spreads flowers with drums
A. Market View
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Monetary liquidity improved. The Fed raised interest rates by 25 basis points on schedule in May, signaling a pause since then, in what is expected to be the last rate hike of the cycle. But Powell also said that there is still a long way to go to reduce inflation, and it is not appropriate to cut interest rates now. The U.S. debt ceiling looms, and the U.S. government will run out of cash by early June. Intensified interest rate hikes have also led to a risk crisis for small banks, and U.S. stocks are gradually worried about an economic recession. Encrypted assets mainly follow the trend of US stocks.
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:
ORDI: The BRC 20 of the BTC ecosystem has developed rapidly and has reached a market value of 120 million US dollars, and the top ORDI has a market value of 60 million US dollars. The main driver is the Unisat wallet of the Shenzhen team, which trades dozens of BTC every day, and the main source of income is transaction fees and royalties.
3. BTC market
1) Data on the chain
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3. BTC market
Funding is basically flat, and market liquidity is tight. The current amount of funds to maintain the level of price fluctuations can be dealt with, but it is still very difficult to rise sharply, especially for altcoins.
2) Futures market
Futures funding rate: The rate is neutral this week, and the market has no obvious long-short sentiment. 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.
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 0.66, entering the recovery phase.
2) Futures market
Futures funding rate: The rate is neutral this week, and the market has no obvious long-short sentiment. 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: 1.1. Retail investors are pessimistic. 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
2) BSC locked position situation
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
5) Polygon lock-up volume
7) Optimism lock-up volume
6) Arbitrum lock-up volume
5. Changes in NFT market data
5. Changes in NFT market data
1) NFT-500 index:
2) NFT market conditions:
3) NFT trading market share:
1) NFT-500 index:
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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.
