Foresight Ventures Weekly Market Report: The market rebounded strongly, and the Cosmos ecology continues to be positive

Foresight

特邀专栏作者

2022-09-12 06:30

This article is about 1846 words, reading the full article takes about 3 minutes

A list of the important news of the week.

market view

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Overall monetary liquidity tightened. In September, the Federal Reserve shrunk its balance sheet by 95 billion. After Fed Powell and several hawkish voters spoke, the probability of raising interest rates by 75BP in September rose to 90%. The U.S. dollar index hit a fresh 20-year high, which could put pressure on risk assets if the greenback's upward trend continues. The U.S. stock market has fallen for three consecutive weeks, and the encryption market has closely followed the fluctuations in U.S. stocks. Looking ahead, the next market guiding light will be the US August CPI data next Tuesday.

The whole market

The top 100 gainers by market capitalization

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1)ETC：The whole market

2)FOLD：The top 100 gainers by market capitalization

3)TSUKA: ETC for POW mining, as well as counterfeit RVN, FLUX, ERG, CFX, and NEOX performed well overall. After September 13-15, ETH will adopt the POS verification mechanism. The original computing power of nearly 900TH/S for mining ETH will need to be transformed. For example, Bitmain announced in August this year that it will invest 10 million US dollars to lead the ETC Foundation to jointly help the ETC ecological growth, and it is expected to raise 30 million US dollars.

Another MEME coin TSUKA, the founder of SHIBA, RYOSHI, rose 1,000 times from a low point. Some people in the SHIB community followed RYOSHI to TSUKA, and the community has religious beliefs. The transaction data on the chain is good, with a daily transaction volume of more than 1.5 million US dollars, and more than 6,000 independent transaction addresses. More successful MEME coins can usually achieve a market value of 200 million US dollars.

1) Data on the chain

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1) Data on the chain

2) Futures market

The belief of the BTC hoarding party has not been lost, but the bear market pattern continues and there is no sign of improvement. The BTC that has not moved for one year has reached 66%, and the liquidity has further decreased. But BTC whales ship during every market rally. The last movement of dormant BTC 7 years ago has soared in the past week. Whenever these on-chain signals appear, the market will likely fall by 20%+ in the following months.

The long-term trend indicator MVRV-ZScore is based on the total market cost and reflects the overall profitability of the market. When the index is greater than 6, it is the top interval; when the index is less than 2, it is the bottom interval. The current indicator is -0.16, which is in the green bottom-buying range.

Futures funding rate: This week, the rate is mainly negative, and short selling is obviously dominant. The market is shorting ETH more. The fee rate is 0.05-0.1%, with more long leverage, which is the short-term top of the market; the fee rate -0.1-0%, with more short leverage, is the short-term bottom of the market.

3) Spot market

BTC fell 4% this week, while ETH rose 5%. As global liquidity continues to shrink, short-term BTC holders find themselves under enormous pressure to maintain the psychological support level of 20,000. U.S. stocks encounter a resistance level and may rebound for 2-3 days before continuing to fall. It is estimated that the crypto market may follow the trend of U.S. stocks.