Review of last issue

Index Highlights

Index Highlights

According to the standard consensus market composite index, the latest index is 1,402.9, an increase of 3.98% from last week. BTC led the market to rise sharply, and BTC itself also stood above $11,000. Since the OKEx exchange issued an announcement on October 16 to suspend user withdrawals, This caused panic in the market, and the entire market retreated to a large extent. The extent of the follow-up progress of this incident cannot be determined in the short term, and investors still need to continue to pay attention.

According to the standard consensus market sentiment index, the latest index is 1.14, which indicates a good market sentiment. Although the overall market is rising under the leadership of BTC, the market sentiment index continues to fall, indicating that the market is beginning to diverge, market funds are flowing into mainstream currencies, and the main risers are currencies with large market capitalization.

Quantitative Team Analysis

Quantitative Team Analysis

According to the position opening situation of funds, the direction of opening positions of various quantitative fund products began to diverge, and the judgment of future market trends appeared to be alienated.

According to the use of leverage by funds, the use of leverage by various quantitative funds has undergone obvious changes. During the process of market surges, the use of leverage by various quantitative funds has increased significantly, and now it has returned to a low level.

Trend review and analysis of BTC and ETH

market trend

Trend review and analysis of BTC and ETH

According to CoinMarketCap data, the average daily turnover rate of BTC in the past 7 days is 11.14%, which is 0.99% lower than the average daily turnover rate in the past three months, and 1.11% higher than the average daily turnover rate of last week. Returning, after breaking through the $11,000 pressure line, the trading volume increased to a certain extent, and then entered the stage of high sideways volatility. At present, due to the influence of OKEx Exchange suspending users' withdrawals, the overall market has fallen to a certain extent, but the panic has not spread, and the market sentiment is relatively stable, but it is still necessary to pay attention to the follow-up of the event. Panic ignited, and the market increased selling pressure. The support level of BTC is at $10,000, and it is necessary to observe whether the panic spreads.

Be vigilant against illegal financial activities under the banner of blockchain and new technologies. The standard consensus resolutely resists various illegal activities such as illegal fundraising, network pyramid schemes, ICO and various variants, and dissemination of bad information using blockchain.

risk warning:

• Be vigilant against illegal financial activities under the banner of blockchain and new technologies. The standard consensus resolutely resists various illegal activities such as illegal fundraising, network pyramid schemes, ICO and various variants, and dissemination of bad information using blockchain.