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The madman writes every analysis article carefully with a responsible, focused, and sincere attitude, with distinctive features, no pretentiousness, and no exaggeration! The information and data in this content are derived from publicly available information, and we strive to be accurate and reliable. However, we do not guarantee the accuracy and completeness of the information. This content does not constitute investment advice. If you invest based on this, you are responsible for your own responsibility. madman says Funds are moving towards a small number of currencies. In the past two days, we can feel the obvious differentiation of the market, indicating that funds can no longer support a sustained and comprehensive rise. This is a signal sent to us by the market. At this pace, everyone needs to consider controlling some positions. It is not advisable to be too aggressive. The higher the market rises, the less you should consider adding positions. When one day the funds ebb from the strong currency, it may be the day of a full correction. Protecting your profits and principal is the most important thing in investment. The Ghana Securities Regulatory Commission has begun to warn of risks, reiterating that cryptocurrencies are illegal and unregulated in the country. At the same time, the Canadian Financial Regulatory Authority also mentioned that cryptocurrencies are not regulated. Since Nigeria and Türkiye, more countries have begun regulatory measures. This situation will continue for some time in the future. After all, Bitcoin is not welcomed by any country. S&P has launched crypto indexes for Bitcoin and Ethereum. S&P is preparing for Bitcoin and Ethereum ETFs. With the index in place, ETFs will be a matter of course and will be more easily supervised by regulators. Let’s wait for this year’s biggest benefit to come to fruition. eBay CEO considers cryptocurrency as a payment option and begins exploring NFT business. The cake in the future digital world is really too big. Just imagine, if anyone can create the digital Taobao of the future, what kind of jump in value will there be? Cryptocurrency has been fully recognized by these American giants and has become the core basis for continued development. Perhaps in the near future, Amazon will also accept cryptocurrency payments. According to a latest survey by Mastercard, 40% of consumers plan to use cryptocurrency for payment next year, and 77% of post-00s generation are willing to learn more knowledge about the crypto market. The good thing is that the popularity of cryptocurrency in the United States has been very obvious, and the trend cannot be reversed. The bad thing is who will continue to push it up? CME Group has launched Bitcoin micro futures. The contract size is one-tenth that of Bitcoin. This kind of micro futures is more friendly to small and medium-sized investors, lowers the threshold for participation, and more investors will participate. In addition, CME Group also stated that it is studying the launch of Ethereum micro futures. This not only shows that the current price of Ethereum is high enough, but also shows that Ethereum has been recognized by the traditional market. The market value of Ethereum is close to that of Walmart, currently ranking 18th in the world. The value of Ethereum held by Vitalik God has exceeded 1 billion US dollars. The trading volume of Ethereum options on Deribit, the world's largest options exchange, exceeded the trading volume of Bitcoin options for the first time. This data shows that Ethereum has become the most beautiful currency in the near future, and it has a high probability of continuing. Tether issued an additional 1 billion USDT, and the supply of stablecoins continued to increase, laying the foundation for future increases. Grayscale’s parent company DCG plans to buy US$750 million in GBTC in order to reduce some of the discounts. This level of protection should have some effect, but once the discounts are reduced, GBTC holders will still be willing to sell them first, which will not have much impact on the price of Bitcoin. Mogo, a listed company in the United States, bought 146 ETH at an average price of 2,780. Although this amount is not large, it represents the wishes of many institutions, mainly because the cost is not low. The top Defi protocol generated $252 million in revenue in April, a record high, with UNI accounting for more than half, followed by COMP, SUSHI, and AAVE.  Swiss crypto bank SEBA has added three Defi tokens, SNX, UNI, and YFI. These three coins are coins that everyone agrees are pretty good. Market analysis Bitcoin: Bitcoin’s market capitalization ratio dropped again to 44.6%. The lower this data is, the greater the bubbles in various assets in the market. At present, the trend at large levels is still upward, so there is no point in guessing the top. We can continue to participate according to the bull market mentality. Bitcoin will still maintain a large market oscillation, and there is a downward trend expected in the short term. The weakest part of the market is the big pie, so short-term participation is not high. ETH： The volume increased today and is far away from the 5-day line. There is a certain expectation of recovery. If there is a pullback, then consider participating. DOT： Weak, there is an expectation of a linkage decline. XRP： Sure enough, once the co-founder dumps the product, he will be under pressure in the short term, so don't participate now. LINK： Fluctuating higher, buy or hold mainly. BCH： After bottoming out, there are upward expectations. LTC： Suddenly he got up and went quite strong, and there is a chance to continue. BSV： Take small steps upwards, hold it first, and then consider throwing when you accelerate. ADA： Weak shock. XMR： The high position failed to continue upward, 370 is a strong support, and the box mainly fluctuates. ETC： Just hold it on the 5-day line, the trend is okay. DOGE： Just like this, it has reached a new high. It is recommended to reduce positions. This new high may directly reach the top, and the Tengu may not be able to move anymore. UNI： High level shocks are the main trend. Look for the strong ones to play. Those who are strong today will have funds to pay attention to them. If there is a correction later, the weak ones will adjust more. That’s it for today, the message area is closed, I wish you all a happy holiday, see you tomorrow~! If you think it is good, please recommend it to your currency speculator friends and follow it. Thank you for your support of Madman! ------------------------------------------------------- |
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