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BTC Weekly | The price of the currency soared 40% in a single day; analysis said that the good news was exhausted, and the market sentiment turned empty (10.21-10.27)
黄雪姣
读者
2019-10-28 01:20
This article is about 1920 words, reading the full article takes about 3 minutes
I heard that the retail investors pulled too fast and didn't have time to get in the car?

Bitcoin traded against South Korean won soared 68%;

The difficulty of the whole network continues to rise by 5%;

"Bitcoin" was on Weibo's hot search list;

The computing power of AntPool has increased by 40% in two weeks;

Secondary market

Secondary market

The currency price soared 40% in a single day

non trumpet

Image Source:non trumpet

Data from: OKEx contract big data

Data from: OKEx contract big data

The big data of OKEx contracts shows that the elite accounts on the platform are mainly bullish on the 23rd day of the market waterfall and the 25th-26th day of the guarantee. However, as the good news was digested, the currency price rose and fell, and the market sentiment has quietly turned empty.

Data from: Bitworld, organized by Odaily

Data from: Bitworld, organized by Odaily

news and technical analysis

news and technical analysis

For this surge, the news is very important. Chairman Xi pointed out that "we must regard the blockchain as an important breakthrough in the independent innovation of core technology", which attracted a lot of new money to enter the market. The market sentiment was completely aroused, from the previous excessive panic to a state of greed, and then the news was digested by the market, the currency price fell back, and then sorted out in the middle price range of 9000-9400 US dollars.

Bitcoin surges 68% against South Korean won

50% small amount of currency holding address

Image Source:Coinhills

50% small amount of currency holding address

mining

Data Sources:Bitinfocharts

mining

The difficulty of the whole network continues to rise by 5%

According to BTC.com data, on October 24, the difficulty of the entire network continued to rise by about 5% to 13.7T. According to the data of Coinin Mining Pool, the computing power of the entire network in the past week was 97.56EH/s, a slight increase compared to last week, and the data in the past two weeks was 96.37EH/s, a slight increase from last week.

according to

according toBTC.comAccording to the calculation of the mining pool’s block production share, the mining pool’s computing power dropped slightly to 15.49 EH/s, and the computing power ratio also dropped slightly.

The computing power of F2pool dropped slightly to 14.93EH/s compared with last week, and the proportion of computing power increased slightly;

The computing power of BTC.com rose slightly to 13.61EH/s, and the proportion of computing power dropped slightly;

Related news:

source:BTC.com

Related news:

Xiong'an Technology intends to purchase or represent Canaan Zhizhi to distribute blockchain equipment not exceeding US$150 million

related news

related news

'Bitcoin' tops Weibo's trending search list amid new round of surge

On the 26th, "Bitcoin" was on Weibo's hot search list after skyrocketing, ranking 37th with 185,491 searches.

Bakkt Bitcoin futures contract volume reached 1,179 contracts, another record high

On October 26, Bakkt tweeted: "Today, we set a new daily record of 1,179 Bakkt Bitcoin futures contract transactions (this number broke the previous high of 590)."

Bakkt will launch futures options next month

On October 24, Bakkt CEO Kelly Loeffler passedMediumAnnounced that Bakkt will launch options contracts based on Bitcoin futures on December 9. Different from the main spot options such as Binance, Bakkt launched Options on Futures this time, which is to trade the right to buy and sell futures contracts instead of spot. Just like futures are a hedging tool for spot, futures options can provide a hedging tool for futures on its platform.

Bloomberg: Bitcoin derivatives trading volume surges, 10-18 times the spot trading volume

According to Bloomberg, Bitcoin derivatives transactions are showing explosive growth. According to the estimates of Skew and BitcoinTradeVolume.com, the daily trading volume of Bitcoin derivatives is 5 billion to 10 billion US dollars, which is 10-18 times the trading volume of Bitcoin spot. Although exact figures for both types of transactions are difficult to come by from the major exchanges, volumes for both types of transactions were roughly flat at the start of the year. Sid Shekhar, co-founder of TokenAnalyst, said: "This is the field of making money from cryptocurrencies. It is the largest 'casino' in history. BitMex may currently be the center of the entire ecosystem. It earns at least 700,000 a day from derivatives transactions." commission in dollars."

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