On April 1, the overall net outflow of ETF data was 1,264 units. The main source was Grayscale, and BlackRock purchases were still relatively strong.
The US dollar index DXY rose 0.13% on the day and is now at 105.09, the highest level since November 14, 2023. It is undeniable that the callback of the big cake this time is closely related to the rise of the US dollar. This is also caused by the recent global macroeconomic situation and the economic data of the United States itself. However, it is relatively rare that gold and the US dollar rise together. Who can explain this to me? ? But don't worry too much. No matter what, the cycle may be late, but it will definitely arrive.
The project launch and implementation plan demonstration meeting of China's national key R&D plan "blockchain" project "Super-large-scale blockchain basic platform for the "One Belt and One Road"" was held on March 30 at the Shanghai Shutu Blockchain Research Institute. Stimulated by this news, CFX rose by 15% in a short period of time, but it was immediately knocked back to its original shape. Moreover, he sent this news twice. What a bank. . What a trick. I think CFX may not be able to return to the high point of 0.48 in the past month.
Coinbase will add support for ARKM on the Ethereum network. If liquidity conditions are met, trading will begin at approximately 12:00 PM ET on April 2, 2024. Trading on the ARKM-USD trading pair will begin in phases once the asset is in sufficient supply. Affected by this, ARKM rose by 15% in a short period of time. Let’s summarize which exchanges will benefit the token price. The main ones are B AN, UPBIT and CB. The others have basically no movement, so we can see that these three The liquidity brought by Ge Exchange to Shanzhai is relatively large, and B AN should still be the largest. According to data, Upbit's trading volume in the past 24 hours was only US$3.79 billion. That's well below the high of $15 billion on March 5. The downturn in the Korean market may also be the main reason why the recent copycat hype effect has become worse. CB is as stable as an old dog. Basically, the copycats performed well in the later stage, so you can continue to pay attention.
The star project ENA is online, with the current price of 0.55. The project has been introduced before, so I won’t go into details here. As for the points project, the current market value of ETHFI and ENA combined is more than one billion. There are a few big guys waiting behind, RENZO, EIGENLAYER, PUFFER. It’s hard to imagine how much blood these big guys will suck. At present, at least billions of market value have been sucked. TETHER is expected to be issued again soon.
Market interpretation
The market was hit hard again this morning. At present, the double top at the daily level should be almost done. Moreover, the market was smashed during the day, which was definitely not done by white people, but white people are not stupid. I don’t think it will necessarily pull back at night, so let’s still look at the support here at 65,000. Once this position is broken, there should be a high probability that it will challenge the previous low of 6W-6W2, but is this the adjustment before and after the halving? I have to draw a question mark here. If so, then it is a matter of time, and the garbage time required will be longer. But if not, it should bottom out at the end of April. Then the next wave will come soon.
Ethereum remains weak
The money-making effect has begun to get worse. It has increased for 7 months. This is a risky market. It is acceptable to adjust for one month. Now financial management can no longer protect capital.
Today’s panic and greed index: 79 (greed)
Every day, I will lay out bargain-hunting copycats and ambush high-explosion hot coins in a small circle, and share daily market analysis.#WIF #SHIB #sui $BTC $ETH
