From the data on the chain


Recently, 25,000 BTC have flowed into hoarding addresses, equivalent to approximately US$1.6 billion, setting a record for the highest single-day inflow into addresses so far in 2024, which is a positive sign.


Inflowing into your own wallet address means that you do not plan to conduct short-term transactions, hoard a large amount of BTC, continue to be optimistic about long-term development, and wait for the emergence of higher points.


From the perspective of K-line indicators


The K-line form has strong support, and the price has almost pulled back close to MA30.​


From a macroeconomic perspective



The Federal Reserve will signal three interest rate cuts this year, with the first rate cut expected to be around June.



Highlights this week:



Whether BTC's spot ETF continues to have positive inflows.




PCE data will be released at 8:30 p.m. Friday.




If BTC is at a high level and the PCE data exceeds expectations, there may be a big pullback and we need to be prepared in advance.


Jup's three core functions


The key to its products attracting so much attention lies in its three core functions: liquidity aggregator, current price order and DCA/fixed investment. The application of these three innovative technologies not only enhances Jupiter's competitiveness, but also sets a new benchmark for the entire DEX track.


1: Liquidity Aggregator


Jupiter's liquidity aggregator technology is one of its core competitive advantages. In the traditional DEX model, the liquidity pool of each exchange exists in isolation. When users exchange assets, they often need to find the best trading pool to obtain the best transaction price. This is not only time-consuming and laborious, but also difficult to ensure the optimality of the transaction due to the dispersion of liquidity. Jupiter's liquidity aggregator technology can span many liquidity pools within the Solana ecosystem, automatically find and aggregate the best liquidity resources through algorithms, and provide users with a one-stop optimal trading path.


2: Limit Order


Jupiter provides traders with a limit order function, which effectively avoids the cost increase and slippage caused by price impact during trading, and circumvents the MEV problem. When the transaction is not fully completed, the limit order can be partially completed and the tokens of the completed part can be obtained. When proposing a transaction, users can choose the order validity period, exchange price and exchange quantity to execute their own trading strategies more accurately. The protocol cooperates with Birdeye and TradingView. Birdeye provides on-chain price data of tokens, and Jupiter uses TradingView's technology to display data in charts. This function makes the actual experience provided by Jupiter to users closer to centralized exchanges.


3: DCA fixed investment


Dollar-Cost Averaging (DCA) is an investment strategy that allows investors to spread the purchase cost over a preset price range through multiple investments within a specific time interval. This method can help investors reduce the risk of investing at a single price point. To conduct DCA fixed investment in Jupiter, users only need to set the purchase frequency (Jupiter provides a minimum frequency of minutes and a maximum frequency of monthly), the purchase price range, the total time period, and the assets they want to purchase. After the fixed investment, the user's tokens will be transferred to the account related to the fixed investment, and the transaction will be automatically executed according to the preset price range and transaction frequency.


After the fixed investment is completed, the tokens are automatically transferred back to the user's wallet, and the protocol charges a fee of one thousandth of the fixed investment. The controllable cost price, low fees, and fully managed trading process make DCA a good choice for traders to accumulate assets in a bear market. However, in a bull market, this mechanism is relatively obscure, so the overall demand for this function is still relatively small.


Return to the $Jup economic model


The JUP token is a governance token in the Jupiter ecosystem, allowing token holders to vote on key ecosystem decisions, covering topics such as launch projects, dispute lists, and grants. The Jupiter team promises that token distribution will strictly adhere to the roadmap, and any transfer of tokens in cold wallets must be notified six months in advance. The initial circulation supply is adjusted to 1.35 billion, and the future circulation will be managed through the community multi-signature wallet to ensure the healthy development of the Jupiter ecosystem.


As a hot star in the Solana ecosystem, Jupiter has established a firm foothold in the DeFi field despite its recent launch. Its user-centric product design concept, comprehensive and innovative product features, and smooth trading experience have successfully captured the trust of users and become the DEX with the largest trading volume on the Solana chain. In addition, the Jupiter team strives to break through the problem of traditional DEX being constrained by the development of public chains, and actively explores a broader development space horizontally, which gives Jupiter the potential to grow into a starry sea.