Contract Daily

2021-5-10

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Important news:

1. The total market capitalization of global cryptocurrencies has now surpassed the circulation of U.S. dollars.
2. Commercial lunar payloads paid for by Dogecoin will be launched on SpaceX rockets.
3. ETH 2.0 developers: Altair’s upgrade specifications were frozen around the 21st, and Vitalik’s proposal allows entrusting the pledge to a mining pool.
4. V God Wallet received 50% of SHIB in August 2020.
5. Cosmos announced that it will distribute $288 million in rewards to Gravity DEX liquidity providers within 24 hours.
6. Coinbase officially announced that it will list DFINITY token ICP on May 10.
7. Huobi has officially cooperated with ICP (DFINITY), and launched ICP at 0:00 on May 11.
8. The public beta of digital RMB has been upgraded, and MYbank (Alipay) has been officially included.
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Market overview:

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Institutional view:

Ouyi OKEx:

Ouyi OKEx market: BTC continues to attack the upper edge of the resistance zone at 59500, pay attention to the effectiveness of the breakthrough within the day.

According to the analysis of OKEx Investment Research, BTC briefly broke through 59,500 this weekend, but the subsequent bullish trading volume shrank rapidly, and the short sellers slightly increased the volume and directly pushed the price above 56,000. Judging from the stop-fall pattern, the recovery momentum of the bulls is gradually strengthening. As the bottom of the hourly callback moves up, the probability of a breakout is being infinitely magnified. In the recent fierce competition between the long and short sides, the bulls have begun to occupy a dominant position. However, investors need to pay attention to the fact that since the top of the resistance zone of 59500~60000 has formed a continuous strong selling pressure on the bulls, they can only consider continuing to be bullish after the continuous heavy volume breakthrough and the pullback has stabilized at the 60000 mark. Probability triggers the pin market, or a false breakthrough pattern. However, if it does not fall below 56,000, the bullish pattern will remain unchanged, and if it breaks below, it will look down to 55,600.

ETH continues to strengthen under the support of the 4-hour level MA30, and is now close to the $4,000 mark. The probability of continuing to attack is high, and the support will continue to focus on MA30. XCH continues to weaken in the short term, but it has not fallen below 1030, the lower edge of the consolidation platform. If it stops falling, it will continue to be bullish, otherwise it may drop to around 880. Although DOGE once fell below 0.5 yesterday due to the bad news, the 0.43 support continues to play a role. The resistance focuses on the 0.6 mark. If it cannot break through, focus on the effectiveness of the 0.52 short-term support.

According to data from CoinGecko, an international third-party statistical agency, the 24-hour contract transaction volume of the OKEx platform is 38 billion US dollars.

Huobi Exchange:

BTC rebounded after falling, fierce competition between long and short

According to data from the Huobi trading platform, BTC first rose yesterday, reaching a maximum of 59490.40 USDT, and then fell to a minimum of 56202.89 USDT. In comparison, the long-short competition is more intense. From the perspective of the daily line level, it is now at a relatively high level and is still in the sideways arrangement stage. During the day, pay attention to the enlargement of the trading volume, the breakthrough of yesterday’s high of 59,500 USDT and the support of 56,500 USDT below. If there is no effective breakthrough, the volatile market may continue for a period of time.

According to data from the Huobi trading platform, ETH first rose yesterday morning, reaching a peak of 3982.28 USDT, hitting a record high again. The trading volume was accompanied by a significant increase, and then rose again after a slight fall, basically reversing yesterday’s decline. Now There is a small sideways market, and the strength of many parties is strong. Judging from the daily line level, today ushered in ten consecutive suns, with a continuous rise, and it is now at an absolute high. During the day, pay attention to the support of the 3750USDT line below and the breakthrough of the 4000USDT integer mark above. If there is an effective breakthrough, the rising market may continue for a period of time.

In terms of contracts, the big data of Huobi Futures showed that the BTC contract positions decreased slightly, the contract trading volume decreased slightly, and the contract market was relatively inactive. The delivery contract basis is relatively stable. The delivery contract basis fell slightly.

The ETH contract position decreased slightly, the contract trading volume increased slightly, and the contract market was relatively inactive. The delivery contract basis fell slightly. The delivery contract basis is relatively stable.

Gate.io Exchange:

Gate.io perpetual contract trading data: BTC volatility continues, pay attention to the breakthrough of the resistance level in the market outlook

According to the contract transaction data of Gate.io, as of 10:25 on May 10, the BTC/USDT perpetual contract price was $58,773.62, and the spot price was $58,698.34. Compared with yesterday, the price of the perpetual contract fell by -0.25%. BTC/USDT perpetual contract funding rate (only listed every 8 hours) is (0.000354) at 08:00, and is (0.000695) at 00:00 of the previous period.

The long-short ratio of the BTC/USDT perpetual contract within 30 minutes was 58.61%: 41.39%. In terms of positions and transactions, the total amount of positions reached 19,401,698 USDT, and the transaction volume in the past 24 hours rose to 211,465,806 USDT. From the perspective of the 30-minute line, BTC contract prices continued to fluctuate at a high level during the weekend, but they still failed to touch the $60,000 mark. Last night, it once pulled back to around $56,300 and gained strong support and began to rebound continuously. At present, the K-line breaks through the BOLL band After the upper track line, it was slightly hindered and consolidated, but the overall upward trend was obvious. The double line of the MACD indicator continued to diverge upward after crossing the zero axis. In the future market, there will be a chance to test the integer mark of 60,000 US dollars. During the day, pay attention to the changes in trading volume and the breakthrough of the first-line resistance position above $59,500. If there is a strong breakthrough, the rebound and rising market will have a high probability of continuing. The market has fluctuated greatly recently, so please pay attention to controlling risks when operating.

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

BTC: $58773.62 (-0.25%); rate (0.000354)

ETH: $3949.95 (+2.03%); rate (0.000293)

EOS: $10.405 (-3.41%); rate (0.000238)

BCH: $1452.45 (+2.80%); rate (0.000610)

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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

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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

Huobi Elite long-short ratio:

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.