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12.1 Midday market: Grayscale has increased its position in Bitcoin, you must pay attention to this position.



The article is contributed by the blockchain analysis of Niu Qi, the columnist of Jinse Finance and Economics. The remarks only represent his personal views and are only for learning and communication! Golden Disk will not actively provide any transaction guidance, nor will it charge any fees to guide transactions. Readers are requested to carefully screen and beware of being fooled. the

During this period of time, the currency market has continued. Bitcoin first broke through the previous high point, and then broke through the historical high point yesterday. This means that all comrades who have bought Bitcoin quilts since the birth of Bitcoin are all liberated, and history is about to turn the page. , Bitcoin will usher in a new journey, the road ahead is clear, and Niu Qi will share with you and grow together.

FIL broke through the $170 mark with an intraday increase of 12.73%: According to data from Huobi Global, FIL rose in the short term and broke through the $170 mark. It is now reported at $170.001, with an intraday increase of 12.73%. The market fluctuates greatly, so please do a good job in risk control. [2021/4/9 20:02:10]

Next, let’s analyze the market. This wave of bull market is widely known as “institutional bull”, that is, a bull market driven by large institutions and large funds. The most well-known one is Grayscale Fund. We can intuitively see Grayscale’s holdings The change of BTC has a very close relationship with the price fluctuation. At present, the daily output of BTC is 900, and the average daily increase of BTC since October 14 has reached 5087 BTC, and the acquisition curve continues to rise steadily. Yesterday, it increased its position again by 1813 BTC , the demand far exceeds the supply, which also lays a solid foundation for the bull market, that is, $20,000 is definitely not the top, and no matter where the spot players buy at the current price, the probability of losing money is very small.

The 24-hour trading volume of Uniswap is 1.25 billion US dollars, accounting for 50.05% of the total amount of Dex on Ethereum: According to data from OKLink, as of 10:00 today, the 24-hour trading volume of Dex on Ethereum is about 2.49 billion US dollars. rose 13.18%.

Among them, the top three Dex protocols in terms of transaction volume are Uniswap V2 with USD 1.25 billion, accounting for 50.05% of the transaction volume; SushiSwap with USD 436 million, accounting for 17.51% of the transaction volume; and 1inch USD 205 million, accounting for 8.25% of the transaction volume. [2021/3/25 19:16:19]

From a technical point of view, Bitcoin has already run to the top of the chart box, and the monthly closing line is close to the bald sun. This kind of closing line generally has a 0.382 retracement, and the target is around 17,300 US dollars; on the daily line, The overbought MFI has recovered well during the slump on 11.26. If it can go down to around $17,300 and then go up again, the whole trend will be very healthy. However, the V-reverse of the daily line is very strong. It is best not to see this kind of ready-to-go pattern Try shorting; on the hourly line, OBV has not kept up with the upward speed of the price, and some bulls have taken profits above $19,150, and they are currently only staying around the level of $18,500.

AAVE fell below the $300 mark with an intraday drop of 12.97%: According to data from Huobi Global, AAVE fell short-term and fell below the $300 mark. It is now reported at $299.7899, with an intraday drop of 12.97%. The market fluctuates greatly, please do a good job in risk control . [2021/3/25 19:15:59]

At present, I would like to share with you my operation ideas. Spot stocks are big drops, big buys, small drops and small buys. After all, institutions have to make money playing with retail investors. Now retail investors don’t sell, miners don’t sell, and big funds don’t sell. Institutions must find a way to get cheap bargaining chips. $20,000 won’t be broken at once. There are too many opportunities to operate in this space. Don’t be shocked to get out of the car. Bitcoin is very stable; if you break through $20,000, you can increase your position. The stop loss of long and short orders is set above 20,000 US dollars, and this part of the stop loss order is enough to trigger a wave of decent gains.

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Author: Niu Qi's Blockchain Analysis Notes


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