小义说币

The Significance of $70 Billion: Why It Matters So Much for Ethereum?
The total open interest in ETH futures reaching $70 billion is not just a huge number; it signifies several key aspects for Ethereum. Open interest represents the total number of outstanding derivative contracts that have not yet been settled. High open interest typically indicates:
Strong Market Confidence: Traders and institutions are actively building positions, indicating confidence in Ethereum's future price trends.
Increased Liquidity: The increased number of contracts means stronger market liquidity, allowing large participants to enter and exit positions more easily without significantly impacting the price.
Rising Institutional Adoption: The significant contribution from regulated traditional exchanges like CME highlights the increasing participation of institutions in Ethereum.
This level of activity suggests that mature investors are increasingly viewing Ethereum as an important asset class, deserving of substantial capital allocation.

#币圈

Morning Report |
BTC: Dropped below 113,000, continuing to fluctuate. The market is now focused on the leading ETH.
ETH: Hovering around 4,150, with Powell's speech on Friday likely to be a turning point for the market.
SOL: Generally in sync with ETH, neither gaining nor losing ground.
OKB: New all-time high, up 50% in a single day, the logic of platform tokens has once again been validated by the market.
Upbit lists AERO: The Korean exchange continues to expand its listing channels, the $BASE ecosystem DEX is worth noting.
Regulatory Aspect: CFTC launches a new round of crypto regulatory push, which may bring uncertainty in the short term.
On-chain Gossip: The first buyer of $YZY is the trader who once made 100 million dollars by relying on $TRUMP.

#币圈

How do whales and on-chain metrics affect ETH's recent risk?
The accumulation pattern of whales shows mixed behavior: some large addresses are accumulating, while others are reducing their holdings. On-chain metrics such as exchange balances, realized volatility, and active addresses do not indicate a systemic liquidity crisis.
The Binance Research commentary (plain text) points out that if the support level of $4,150 is maintained, ETH may rebound and retest the resistance level near the historical high of $4,788; if ETH decisively breaks below $4,150, it could fall towards $3,900. Traders should carefully check the order book depth and derivatives open interest to confirm trading results.

#币圈

8.21 Market Briefing

1. Bitcoin's overall fluctuation was minor yesterday, rebounding to around 114,500 in the morning; I mentioned this level yesterday, and today I will still watch if it can break through this level in a solid manner.

2. Ethereum is all about going with the flow, just like the fluctuating prices in an amusement park, going down and then up again.

3. OKX's platform token OKB continues to hit new all-time highs after the announcement of a token burn, with an increase of over 400% since last Wednesday.

4. The UK crypto industry calls for the establishment of a national strategy for stablecoins, warning of the risks of falling behind the United States.

5. Nasdaq will delist the BNB token treasury company Windtree Therapeutics due to non-compliance.

#币圈

A Solana whale wallet starting with 91GShr unstaked 98,291 SOL (approximately 17.83 million USD) about 30 minutes ago, and then transferred the entire amount to Binance. Blockchain records confirm that the merged deposit has been transferred to the exchange's custody account, and transaction details can be publicly verified through the reported hash value. Analysts tracking the flow of SOL funds point out that such exchange-bound fund movements will change the allocation of on-chain custody accounts and lead to observable changes in the exchange's available liquidity, while its data remains based on verifiable on-chain data rather than unverified speculation.

#币圈

Cardano price faces key resistance at $0.98 before potential breakout
Cardano's price is at a critical moment, with ADA currently trading at $0.927 and caught in a tightening triangle pattern. The upcoming trading days will determine whether Cardano (ADA) breaks out or continues to pull back. The key resistance level is at $0.98; if this resistance level is broken, it could trigger a strong bullish rebound.

#币圈

In the early morning, BTC first declined from the 114200 line, reaching a low of 112800 before stopping the drop. It is currently hovering around 113000, consolidating. Overall, the price is fluctuating in a low range, and the downward momentum has clearly slowed down. In the current range, both parties are in a tug-of-war, with power relatively balanced. If the price breaks above 113600 and approaches 114200, attention should be paid to the potential resistance in that area; if there is a clear obstruction to the upward movement, the market is likely to extend the oscillation cycle.

#币圈

The distribution of BTC futures liquidity over the past year shows:
1. The accumulation of short-term bearish liquidity keeps the price of 130,000 still hopeful;
2. In the long term, any significant pullback will move towards 83,000.
Looking at it this way, it seems more appropriate to first reach 130,000, and then go to 83,000...
The question is, if one day it really returns to 83,000, will the bull market still be there?

#币圈

A new week has begun, and the current Bitcoin market is in a consolidation phase near the lower band of the Bollinger Bands, with ongoing upward stretches testing the strength of the middle band resistance. After previously being in a parallel state, the three bands of the Bollinger Bands are gradually showing signs of opening, indicating that market momentum is building up and suggesting a potential breakout is approaching. On the technical indicator front, the market is maintaining a seesaw adjustment above the zero line, with bullish candles primarily in solid form, showing that the bulls still hold the advantage, and upward momentum continues to exist. It is noteworthy that the fast and slow lines have formed a closing death cross below the zero line, which indirectly reflects the depth of the current accumulation process, laying the groundwork for a strong market momentum explosion in the future, and enhancing the expectation of a short-term breakout.
Morning operation suggestion:
Buy Bitcoin in the range of 117000-116800, target 119000
Buy Ethereum in the range of 4430-4400, target 4600

#币圈

According to COINOTAG, on August 16, 2023, a significant transaction occurred in the cryptocurrency space. A seasoned whale, who had been inactive for five years, transferred 3,000 BTC (worth approximately $353.16 million) into a new wallet. This wallet transfer is a noteworthy event, involving a total holding of 23,969 BTC, equivalent to an astonishing $2.82 billion. Such actions by seasoned investors often signal changes in market dynamics. The movements of whales typically influence market sentiment, intensifying ongoing debates about Bitcoin's stability and future trends. When investors analyze these transactions, understanding the impact of large wallet activity remains crucial for making informed cryptocurrency decisions.#币圈

Last night, the market made adjustments
Seeing the wailing of those who trade contracts
During the last bullish market, there was basically a 30% crash every month to clear leverage. This is nothing.
Now there are more and more institutions, and for ordinary investors, it’s hard to afford even one Bitcoin. Years from now, they might say they should have held on to more Ethereum.
Most of us investors are not really investing, but rather gambling.
Every time in contracts, we follow others to place orders, buying shitcoins also follows others, and the key is when we make money, we don’t know why? What’s the logic? When we lose money, we complain.
The financial market is actually not suitable for 90% of ordinary people. If you can survive, you are among the elite.

#币圈

Bitcoin (BTC) and other altcoins are experiencing significant volatility. Currently, the price of Bitcoin has reached an all-time high of over $124,400.
When BTC reached a new high, Ethereum (ETH) is also on the verge of hitting a new high. ETH briefly touched $4,780 during intraday trading, marking its highest level since the end of 2021.

Analysts indicate that the rise in Bitcoin is due to increased corporate demand and heightened expectations for a rate cut by the Federal Reserve in September.
Bitcoin could reach $150,000!
While the overall upward trend in the market is expected to continue, IG market analyst Tony Sycamore stated that the rise is supported by institutional demand and the Federal Reserve, as well as measures taken by the Trump administration to promote cryptocurrency investment.

#币圈