Daily coin magazine:
After looking at the comment area, I still need to read more charts, so I will forward the charts to everyone every day. I originally planned to make one myself, but others have already done a good job, so I won’t bother with it. I updated it for two days in a row yesterday. is out and has been updated to February 22nd. Let me explain to you. What we focus on is the daily net increment of all ETFs in the penultimate row. Red is the net outflow and black is the net inflow. You can also pay attention to the last column on the right, which is the total holdings of all ETFs. This way Intuitively, we can see the increase and decrease ratio between Grayscale and those companies. When Grayscale stops shipping one day, it will be the inflow of real money. Now there may still be at least 30-40% changing hands.
Yesterday, B AN Laboratory and A16Z respectively invested in EIGENLAYER, the leader of the LSK track. One is a direct investment in eigenlayer, and the other is an investment in the ecological project Renzo. It seems that this restake track is the unicorn that capital will favor this year. From the perspective of eigenlayer alone, it is not a simple liquidity re-staking matryoshka doll. What it really solves is the problem of the consensus layer. Through re-staking, it upgrades the cost of some verification nodes that may do evil. At the same time, DAPP can By borrowing the security of the main network, the consensus layer becomes much more stable, which means it strengthens decentralization and security. But there are pros and cons. As there is an additional layer of trust, the risk of staking and being hacked may be greater. Of course, there is a drawback here: the higher the blocks are stacked, the more fragile the bottom layer will become, and it may fall over if it shakes.
Yesterday, the Stark project team modified the unlocking schedule for early contributors. The revised plan reduced the amount of unlocking by nearly 1.5 billion this year. This substantial benefit directly pushed the price up. With the airdrop army, all the things that should be smashed have been smashed. , should be supported by the Cancun upgrade and consolidate at the bottom for a period of time, the price will rise accordingly.
Regarding the economic model, yesterday CHZ also announced changes to the economic model. The core is to reduce inflation. This year, many old projects have begun to modify their own token models, especially some that have a large circulation after full unlocking and were not designed to be destroyed. The mechanism causes inflation to be too fast but there is a supply limit, so don’t worry too much. As long as the project team is still alive, they will find ways to change it, and those who can make changes should want to make the project better, especially It’s the token price. INJ is currently a project that is about to inflate to the maximum supply after being fully unlocked. The pledge rate is still maintained at 50%, and the current pledge inflation is still greater than destruction. Let’s see if he will make something this year. Changes in economic models.
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Market interpretation
There has been a slight problem recently with the correlation between the trend of the market and the incremental growth of ETFs. The net outflow on the 21st led to a slight decline, but the net inflow on the 22nd was not small, and the US stock market also reversed its trend yesterday. However, the overall trend of the pie is still declining, which shows that the supply comes from other places. On-chain data shows that with the recent rise in the pie, more than 700,000 pieces of the pie have been transferred by miners to their XXX platform. Maybe the supply comes from them. It is normal for short-term adjustments to occur, but the cap cannot be too high. The short-term support is still around 50,500. It would actually be better if it can go back to 49,000, which will be more conducive to reaching new highs in the future.
The unsatisfactory Erpie eventually lost to the Shanghai Composite Index. The Shanghai Composite Index stood at 3,000 points today, and Erpie fell. Let’s not talk about it. I am disappointed. Let’s wait for the big brother to take care of us. The old, weak, sick and disabled need help.
Today’s panic and greed index: 76 (greed)
