Daily coin magazine:

Bitcoin once again hit a new high for the year. The price instantly exceeded 57,000 US dollars and then fell back. When the price rose, it gave me the motivation to work. Today, I directly announced the data for February 26. This institution is also full of motivation.

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In fact, if we look at the data, yesterday's net inflow was not very large, and the two major institutions, BlackRock and Fidelity, accounted for the majority. However, the total trading volume of ETFs is very large, almost approaching the trading volume on the first day of launch, exceeding the trading volume during the Spring Festival.

Today, Bitcoin is on Weibo’s hot search again. If it rises too much, people will see it. Do you still remember the search index last time? If it is on the hot search now, people around you will come and ask you. When you can't buy it, you can responsibly say that this wave is about to reach its peak, but it doesn't seem to be that exaggerated now. I don't know what the situation is around you now, so I can talk about it.

As soon as the main line was launched, the AI ​​sector was directly sucked. WLD dropped from 9.2 to 7.5 yesterday, a drop of more than 20%. The leader of the AI ​​sector in the currency circle is now down, and other followers will surely follow suit. The main reason is from the WLD Foundation. It may be necessary to suppress the current artificially high price, and it is possible to increase distribution according to the situation. This situation is rare. I have not heard that the project party itself thinks that the price is high to suppress it. Judging from this information, the WLD Foundation’s chips should be It is very limited, and most of it is in the hands of market makers. It is very uncomfortable to see the market makers making great profits while all the chips in their hands are locked up, and thus a conflict of interest arises. Stand up and do something yourself.

Yesterday someone asked when the copycat season will come? Today the MEME coin is making a comeback. In fact, we are already in the "copycat" season, aren't we? From AI to old DEFI to oil refining to today's MEME, basically most sectors are rotating. However, what is different from the past is that it is not the general rise of sectors, but the leader leading some followers to rise. The market at each stage will There are different trends, so following the market trends is the most important thing.

Looking at another picture, the funding rate of the entire network has reached a very scary bottom. Especially in the morning, the contract premium of many currencies exceeded 0.5%, and the funding rate of the pie was almost 0.1%, even if the short position is completely wiped out, this situation rarely occurs, so there is still a greater risk for short-term contract long positions.

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Market interpretation

A higher position has arrived, and with this acceleration, the market has experienced a top divergence at the daily level. However, this divergence is not obvious and can be easily eliminated through sideways trading. The 57,000 B AN spot price emerged from Judging from the numbers, I think this wave is not over yet. It is more likely that supply will begin again at 58,000+ or ​​59,000+. At present, it is just a short-term deviation caused by cleaning up the corpses of short positions and repairing emotional prices. Judging from the larger weekly level, it should not be peaking soon, but more like the middle of a main rise, so there are risks in short-term pursuit of highs and ultra-short leverage positions. Just take a long-term view, but you must always pay attention to the "out of the circle" problem mentioned earlier. If it really occurs, it will not be good.

Let the two cakes continue to link up. I saw 3500 before and now it is less than 10 points. It went up with a shiver. But my personal opinion is that it has not been easy in the past two days. It should have been in mid-to-late March.

Both meat-eating and empty-headed people can come to the comment area to express their opinions (no one is losing money, right? Those who are losing money, stop coming)

Today’s panic and greed index: 79 (greed) is about to be extremely greedy