Foresight Ventures Weekly Market Report: Market Liquidity Retreats, Altcoin Index Falls
A. Market View
first level title
Currency liquidity has tightened. The U.S. CPI inflation index rose 4% year-on-year in May, beating expectations of 4.1%. The Fed paused raising interest rates in June, but signaled two rate hikes this year, which was more hawkish than expected. The U.S. dollar index fluctuated and fell back. U.S. stocks continued to rise strongly, with the S&P and the Nasdaq hitting a one-year high. Because of regulation and being at the end of liquidity, the encryption market is obviously much weaker than US stocks.
Second, the whole market
The top 100 gainers by market capitalization:
secondary title
Second, the whole market
The top 100 gainers by market capitalization:
Markets have tumbled this week. The market share of BTC has reached a new high in 2 years, and the liquidity is further concentrated in BTC. The Altcoin Season Index is close to historical lows, and many popular altcoins suddenly plummeted by 20-30%. There is a lack of hotspots in the market, mainly around BNB regulation and meme currency.
RAPTOR: It is a meme coin from the foreign 4chan community. 4chan is similar to Reddit and is the birthplace of meme culture. RAPTOR is a fair sale and there is currently no transaction tax.
3. BTC market
1) Data on the chain
secondary title
3. BTC market
In the face of major accusations from the United States, the Binance exchange suffered a withdrawal run. In the past week, Binance’s stablecoin dropped $1.6 billion, or about 21% of the total balance. BTC and ETH reserves also fell by 6% and 7%, respectively. In contrast to the Coinbase exchange, which is also being targeted, the change in net reserves is not so drastic. Stablecoin balances were roughly flat, with BTC reserves down just 1% and ETH reserves down 8%. On the other hand, long-term BTC holders were very calm and showed no obvious reaction to the news.
2) Futures market
Stablecoins overall continue to decline. However, the market value of USDT continued to increase slightly, indicating that funds flowed out of the US region and funds flowed in from Asia and Europe.
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 0.36, entering the recovery phase.
Futures funding rate: The rate is neutral this week, and the market sentiment is slightly bearish. 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: 2.2. Retail investors are in a high 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.
secondary title
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
7) Optimism 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:
2) NFT market conditions:
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.
