Today's market fundamentals reference (2024.10.18)#BTC#Trading opportunities
1. Ethereum's gas fee soared to 48 Gwei at around 13:50 Beijing time, and has now fallen back to 30 Gwei. Combined with the analysis of the net amount of ETH released from 2 to 2:30, it is speculated that the network congestion may be caused by on-chain activities.
2. In the US stock market overnight, TSMC's financial report performed well, and Nvidia's stock price target was raised. At the same time, the second wave of policy combinations in China's A-shares at noon today affected the recent release of positive news for technology stocks, which may have a positive impact on the AI sector of the currency circle.
3. The European Central Bank cut interest rates by 25 basis points as expected. Bitcoin ETFs have seen a large amount of net inflows recently, but the breakthrough has encountered resistance. At the same time, the arbitrage reasons in the spot and futures markets are basically the same. The number of long orders has begun to rise, and the long-short game will be more intense in the short term.
