Bitcoin and Ethereum data market analysis

in hive-110112 •  4 years ago  (edited)

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Hello, everyone. In the future article analysis, I will mainly show the operation strategies of Bitcoin and Ethereum in the form of data, try to avoid subjective views and analyze in more detail.

Bitcoin

  • Chart

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  • Indicator display

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  • U.S. dollar index

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  • The number of bitcoins in the exchange

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  • The number of bitcoins transferred from the wallet by the mine

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  • Bitcoin perpetual contract funding rate

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  • Coinbase premium rate

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Ethereum

  • Chart

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  • Index analysis

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  • DEFI lock-up amount

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  • Average Gas Fee

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Altcoins index

  • altcoins seasonal index

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  • The popularity of the altcoins sector

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  • Greed and Fear Index

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Notes:

  • Under normal circumstances, the U.S. dollar index and Bitcoin price show an inverse relationship

  • Under normal circumstances, the number of bitcoins in the exchange is inversely proportional to the price of bitcoins

  • Under normal circumstances, the number of bitcoins transferred from the wallet by miners is inversely proportional to the price of bitcoins

  • Under normal circumstances, the exchange rate of Bitcoin funds is inversely proportional to the price of Bitcoin

  • Under normal circumstances, the higher the Coinbase premium rate, the greater the possibility that Bitcoin will rise

  • Under normal circumstances, the greater the amount of DEFI lock-up, the better the development of the ETH ecosystem

  • The higher the gas fee of Ethereum, the stronger the price will be

  • The seasonal index of altcoins is greater than 75, the market is in a frenetic state, and risks need to be paid attention to. an index below 25 is often a good opportunity to ambush altcoins

  • The greater the greed and fear index, the greater the probability that the market will peak, and vice versa.

News:

  • Mikhail Kalinin of the Ethereum 2.0 client Teku proposes to give priority to the ETH2.0 merger after the upgrade of the London hard fork (expected in July). Kalinin said that due to Vitalik's recent rapid merger proposal, it is possible to achieve the merger faster. The main advantage of this scheme is that it introduces fewer changes required to perform a consistent upgrade on the Ethereum mainnet, namely replacing PoW with PoS. This proposal does mean that the merger has become the main focus of the Ethereum core after London and Altair (the beacon chain upgrade is expected to happen soon). It is reported that Altair is the name of the first upgrade of the beacon chain protocol, and was voted by the community. At the same time, Vitalik Buterin hopes to speed up the merger process of Eth1 and Eth2.

  • South Korean Finance Minister Hong Nam-ki said at the Special Budget and Accounts Conference that the actual value of cryptocurrency is overheating. From an economic point of view, (investment) should be very cautious. Regarding the specific financial information law to be implemented this month, Hong Nanji explained: "Now the exchanges must report transaction details to the government when trading virtual assets."

  • The top three DeFi protocols with the increase in lock-up volume in the past 24 hours are B Protocol (+139.46%), DeFiner (+34.81%) and BarnBridge (+16.26%).

The current top three DeFi agreements with locked positions are WBTC 7.93 billion US dollars (-0.53%), Maker 705 million US dollars (-1.04%) and Compound 6.7 billion US dollars (+0.62%).

  • At present, the total number of Bitcoin ATMs in the world is 16,966, which is about 2.5 times that of the beginning of 2020. Data from Coin ATM Radar shows that in the first quarter of 2021, the number of Bitcoin ATMs increased by more than 20%, and the number of North American continents increased rapidly. The United States accounts for more than 80% of all Bitcoin ATMs, and Europe is also growing.
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