talkingmoon

$BTC BTC On-chain data shows that the Bitcoin miner position index (MVRV) has dropped to 0.98, indicating that most miners are in a loss state, which may trigger short-term fluctuations in hash rate. Key support level to watch is the weekly MA120 (approximately 59,200). If it effectively breaks down, it may test the May low of $56,500. Positive signals have appeared in the derivatives market: the funding rate for Bitfinex perpetual contracts has turned negative (-0.003%), which usually indicates a rebound opportunity after excessive short positioning. Notably, the German government began transferring 43,000 BTC this week, but only 12% of it has moved to exchanges, with the majority going to custody addresses, possibly in preparation for institutional-level OTC trading. How do you view the changes in the liquidity structure of BTC in the third quarter?

The FOMC meeting minutes released at midnight on #美联储FOMC会议 show that the committee's concerns about persistent inflation exceed market expectations. Although the current interest rate remains unchanged, the dot plot suggests that there may only be one rate cut in the second half of the year, which is significantly different from the pricing in the CME futures market. It is particularly noteworthy that the meeting for the first time included 'digital currency liquidity' in the evaluation of the effectiveness of monetary policy transmission, pointing out that the rapid expansion of the stablecoin market may weaken the effectiveness of traditional monetary policy tools. In terms of the pace of balance sheet reduction, starting in June, the reduction in government bonds will be scaled back to $25 billion per month. What do these signals mean for risk assets? Historical data shows that when real interest rates are above 1.25%, the cryptocurrency market is usually under pressure...

The 'Market Structure Discussion Draft' proposed by the US House of Representatives today has sparked heated discussions in the industry. The provisions regarding the regulatory framework for cryptocurrency trading platforms in the draft are particularly noteworthy—requiring platforms to enhance asset reserve transparency, establish investor risk education mechanisms, and planning to bring DeFi protocols under SEC regulation. If the draft is passed, it could promote the industry's compliance process, but it may also stifle innovation among small and medium-sized exchanges. Practitioners are advised to pay attention to the new rules in Chapter 4, Article 12 regarding 'cross-chain transaction reporting,' which may impose higher KYC requirements on cross-chain bridge project parties. Currently, the draft is still in the consultation phase; do you think this level of regulation balances innovation and risk?

Is #BTC rising or falling?

Nani, good thing I can run fast #BNBChainMeme热潮

Just quit the night shift job at the leather factory and focused on trading cryptocurrencies, starting from 100 USD to create a legend #比特币反弹

As soon as the #加密市场观察 encryption conference started, there were no benefits, only declines. I was severely trapped. How can I recover the loss of $BNB $BTC #白宫首届加密货币峰会 ?

#美国加密战略储备 Three hours 10,000 points #XRP、SOL、ADA纳入美国战略储备？ #白宫首届加密货币峰会

The Cow Returns Swiftly