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Chain.info: Market Sentiment Falls, Bitcoin Mining Difficulty May Have Peaked
ChainInfo
特邀专栏作者
2020-03-02 05:38
This article is about 1111 words, reading the full article takes about 2 minutes
This week ushered in the first large-scale correction after Bitcoin returned to $10,000. There was no violent smashing of the market during this callback, but it fell back from close to $10,000 to $8,500 within three days.

Quotes and Market Sentiment

Estimated reading time: 3 minutes

Quotes and Market Sentiment

Source: Chain.info

Source: Chain.info

Source: alternative.me

market sentiment

Source: alternative.me

large transfer

large transfer

Source: chain.info

Source: chain.info

The activity of large-value transfers (greater than 50 BTC) on the chain this week is falling with the market. The total amount and the number of transfers are approaching the ten-week average, which is a significant drop from last week.

Exchange balance and inflow and outflow

Exchange balance and inflow and outflow

Source: chain.info

Source: chain.info

Source: chain.info

This week, exchange wallets are sorted more frequently. Exchanges such as OKEx, Bitstamp, Bithumb, and Bitfinex have more or less sorted their wallets to cope with the demand for deposits and withdrawals brought about by recent market fluctuations. The top three rankings of BTC balances on the exchange chain remain unchanged, but the top three to ten have changed many times within a week.

Blockchain network data

Blockchain network data

Source: chain.info

Source: chain.info

The recent increase in computing power has peaked, and the difficulty dropped slightly last week. In view of the fact that there are only more than 70 days before the halving, and it is difficult for domestic logistics, hardware manufacturing and other links to fully return to normal in the short term, the computing power and difficulty may stop rising for a period of time and maintain the status quo.

Source: chain.info

Source: chain.info

Disclaimer: The opinions involved in this report are based on comprehensive research and judgment based on data analysis. They are only for reference and not as investment basis. Risky investment in currency speculation requires caution.

Disclaimer: The opinions involved in this report are based on comprehensive research and judgment based on data analysis. They are only for reference and not as investment basis. Risky investment in currency speculation requires caution.

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