Contract Daily

2021-4-29

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Important news:

Important news:
1. Powell: Dogecoin and GameStop reflect market bubbles.
2. Powell: The temporary rise in inflation this year does not meet the criteria for raising interest rates. China’s digital yuan will not work in the United States. I hope to strive for “correctness” rather than “fast” in terms of digital currency. I am not too worried that other countries will launch first digital currency.
3. The US SEC postponed the VanEck Bitcoin ETF review decision until June.
4. New German law allows institutional investment funds to invest in encrypted assets.
5. The market capitalization of Ethereum exceeds that of Platinum for the first time.
6. Wealthfront, an American digital wealth management company, will allow users to invest in cryptocurrencies this year.
7. Reuters: The U.S. government is pushing for bitcoin regulation to fight ransomware.
8. North American mining giant Core Scientific purchased over 110,000 ASIC mining machines from Bitcoin Mainland.
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Market overview:

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Source: Golden Fruit

Institutional view:

OKEx：

Institutional view:

Ouyi OKEx market: BTC failed to break through 55600 in the short term, 53000 support may be tested again

According to the analysis of OKEx Investment Research, BTC broke through to 56,400 at night after being under pressure for a short period of 55,600 in the intensive trading area yesterday, but the subsequent massive selling pressure quickly pushed the price back below 55,600. So far, the bulls have shown signs of weakness in the short-term. Focus on the 53,000 support mark in the day. If the trend callback fails to break below, it means that the rebound trend has not ended. After the continuous shock around the 53,000-55,600 area, it may continue to test upwards 55600~57600 strong resistance area. The second-line support focuses on 51200, which is the neckline of the double bottom in the previous period. Once it falls below, the rebound pattern will go bad. On the news, the Federal Reserve’s interest rate decision has been released, and it will keep interest rates unchanged, which is basically in line with market expectations. The loose policy will continue, which is good for the encryption market.

According to data from CoinGecko, an international third-party statistical agency, the 24-hour contract transaction volume of the OKEx platform was US$19.7 billion.

Huobi Exchange:

Huobi Exchange:

BTC rises and falls, fierce competition between long and short

According to data from the Huobi trading platform, BTC first traded sideways last night, then rose and fell within an hour in the morning, reaching a peak of 56393.25 USDT. The trading volume has increased significantly, but the short side quickly pulled down, forming a k-line with a long upper shadow. , and then went sideways for a while, and is still within the range of the sideways market. Judging from the daily line level, the first yin after the four consecutive yangs ushered in yesterday is still at a relatively high level. During the day, pay attention to the enlargement of the trading volume and the breakthrough of the 56,000 USDT line above and the support of the 54,000 USDT line below. If the breakthrough continues, the rising market may continue for a while.

According to the data from the Huobi trading platform, ETH first rose last night, and then went sideways slightly, reaching a record high of 2759.14 USDT again. A k-line with a longer lower shadow line is formed, indicating that the strength of multiple parties is now strong. Judging from the daily line level, Wulianyang ushered in today, and the rate of rise has slowed down, and it is now at an absolute high level. During the day, pay attention to the continuation of the rising market and the support of the 2500USDT line below. If the volume continues to rise, the rising market may continue for a while.

The ETH contract position is relatively stable, the contract trading volume has declined slightly, and the contract market is relatively inactive. The delivery contract basis fell slightly. The delivery contract basis is relatively stable.

Gate.io Exchange:

Gate.io Exchange:

Gate.io perpetual contract transaction data: BTC rose slightly and fell back, failing to effectively break through the previous resistance

The long-short ratio of the BTC/USDT perpetual contract within 30 minutes was 60.61%: 39.39%. In terms of positions and transactions, the total position reached 24,053,942USDT, and the transaction volume in the past 24 hours rose to 337,7012,308USDT. From the perspective of the 30-minute line, the BTC contract price is still oscillating back and forth in a relatively high range. It began to rise slightly above $56,500 in the early morning, but then quickly pulled back to around $54,000, indicating that the current market resistance is still relatively strong. The rapid upward attack to return to the $58,000 mark still needs more external news stimulation. The MACD indicator continues to run sticky near the zero axis, and the fast line has slowed down slightly after breaking down. Pay attention to changes in trading volume and the first-line support of $54,000 below. Please pay attention to risk control during operation.

Gate.io perpetual contract quotes (0:00 Beijing time)

Gate.io perpetual contract quotes (0:00 Beijing time)

BTC: $54428.10 (-2.01%); rate (0.000555)

ETH: $2706.90 (+0.32%); Fee Rate (0.0001)

UNI: $42.9365 (+3.73%); Rate (0.000718)

DOGE: $0.3195 (+17.82%); rate (0.0001)

Contract market data:

Contract market data:

1. Trading volume and open interest of each exchange:

Source: Skew

Source: Skew

2. The long-short ratio of the number of positions held by major exchanges

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Source: OKEx

Source: Contract Emperor

Source: Contract Emperor

3. Long-short ratio of open interest in major exchanges

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Source: OKEx

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Source: Golden Fruit

Source: Golden Fruit

Source: Golden Fruit

Among the elite accounts of the three exchanges, Binance Exchange and OKEx Exchange are dominated by long positions, while Huobi Exchange is dominated by short positions.