Foresight Ventures Weekly Market Report: Web3 bows to AI?
A. Market View
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Currency liquidity has tightened. The U.S. economy is not in recession and is stronger than expected. The U.S. dollar index continued to rebound at the weekly level. The market expects that the Federal Reserve may pause interest rate hikes in June, but it may increase this summer, approaching the end of the interest rate hike cycle. The U.S. debt ceiling has reached an agreement in principle, but the risk of bleeding from the solution remains the main headwind for short-term asset prices. U.S. stocks staged a comeback and rose to a nine-month high, led by technology leaders related to artificial intelligence, but most U.S. stocks fell instead. This situation may not last, and a pullback may put pressure on the encryption market.
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:
SOL: Solana started to talk about the narrative of the AI public chain, because the Rust language is more suitable for AI.
3. BTC market
1) Data on the chain
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3. BTC market
1) Data on the chain
The competition between BTC and ETH is getting closer, with both having their own grand narrative or fundamental drivers. The ETH/BTC exchange rate broke the resistance level.
The funds on the market kept escaping. The market stock game, large funds wait and see, obviously, the risk-free return of up to 5% on U.S. debt is more attractive. The market value of Binance’s newly launched stablecoin TUSD has declined, and the road to strong supervision may be even more difficult.
2) Futures market
Futures funding rate: The rate is neutral this week, and the market sentiment is stable. 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 0.52, entering the recovery phase.
Futures funding rate: The rate is neutral this week, and the market sentiment is stable. 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
Futures long-short ratio: 2.0. Retail investors are in a strong mood to buy bottoms. 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
6) Arbitrum 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
4. History of ETH Gas fee
2) NFT market conditions:
5. Changes in NFT market data
1) NFT-500 index:
2) NFT market conditions:
3) NFT trading market share:
4) Analysis of NFT buyers:
5) Number of active projects:
3) NFT trading market share:
4) Analysis of NFT buyers:
5) Number of active projects:
6. The latest financing situation of the project
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.
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.
