Crypto Insider, dissecting the market 11/23
One Economic Data Analysis:
（1）December 18th, probability of 25 basis point rate cut 52.7% (down 6.9% from yesterday)
（2）Geopolitics: Risk of escalation between Russia and Ukraine (positive for gold)
（3）USD/JPY exchange rate: 154.76 (increased probability of yen interest rate hike, negative for the crypto market)
（4）ETF dynamics: Yesterday's net inflow 490 million U, net inflow for 5 consecutive days
Two On-chain data and market sentiment:
（1）Market sentiment is moderate 88 (up 5 from yesterday)
（2）Mining Data Analysis: 777.96 eh/s, Transaction Fee 18.28 gas: 8 S19 Shutdown Coin Price: 61408-70856U
（3）November 23rd biggest pain point 77000U, nominal amount 9.208 billion, BTC position weighted funding rate: 0.0147%
（4）BTC market capitalization percentage continues to decline, altcoins continue to rotate, hold steady, minimize operations, DOT ecosystem has also started
Recently potential negative factors
1. Next interest rate hike in Japan backstab (expected in January)
2. Powell hawkish late at night (possible pause in rate cuts in January)
3. Risk of escalation in Russia-Ukraine conflict
4. Volatility before non-farm payroll data (avoid risks one week in advance depending on the situation)
Recently potential positive factors
1. FTX compensation funds entering the market
2. BlackRock and Grayscale ETF launch BTC spot options
3. Continued rate cut of 25 basis points in December
The above content is for informational sharing only.
Does not constitute any investment advice!
Investment carries risks, proceed with caution! $DOT
