Today is the CPI announcement day for March. It seems that everyone is preparing for this day. I saw that many people think that this time they can take advantage of the decline to buy the bottom. Although I also agree that if CPI exceeds expectations, buying the bottom is a good strategy, but if everyone thinks so, will it go against the trend? Or it can't fall at all. It is impossible to predict, but yesterday's decline should have been expected, so let's see today, but if it really doesn't exceed expectations too much, it is definitely okay to buy the bottom.
ETF data is still relatively ugly. Grayscale is still selling, and purchasing power is indeed still declining. It is also a state of net outflow, with a net outflow of 267 coins and an outflow of 18.6 million US dollars. The combined asset value of several head ETFs has exceeded 300 billion US dollars, which is also a considerable amount. Therefore, if the buying trend continues, some subsequent trillion-dollar capital management institutions will have to work harder. This should be the expectation we can see.
The Hong Kong Securities and Futures Commission urgently updated the list of virtual asset management funds in the early morning of April 10 because it planned to announce the list of the first batch of spot Bitcoin ETFs in Hong Kong on April 15. The Hong Kong Stock Exchange needs about 2 weeks to prepare for product listing and other matters, but the entire spot Bitcoin ETF project has been communicated and planned in detail with the Hong Kong Stock Exchange in advance, and it is expected to be completed in about 10 days. The Hong Kong Securities and Futures Commission originally planned to list the spot Bitcoin ETF in Hong Kong around April 25, no later than the end of April. Eastern Power is also taking action, so why don’t you act quickly!
The liquidity re-pledge protocol EigenLayer announced that it has officially launched the Ethereum mainnet. This release is also accompanied by the data availability (DA) service EigenDA launched by the EigenLayer team. The emergence of this DA layer may compete with some modular DA layers again. This is also one of EigenLayer’s killer features. It may not be long before he launches B, and he will come to suck blood and share the pie again. Let's see how much the market value of this kind of big goods can achieve
Market Interpretation
Yesterday, the big cake fell back to 68,000, and it didn't break through twice. Let's see today. Yesterday's decline should be expected from some macro-negative factors. So as long as there is no bigger negative factor today, 68,000 is likely to form a small bottom. If you want to buy the bottom, you may not have a chance. Maybe 67,000 can hold it. The conservative support level is still 65,000-66,000.If it doesn't work here, maybe no one can help. The big one hasn't come yet, let's see if a man's sixth sense is accurate.
Ethereum is no longer handsome, and the hope for the ETF to pass in May is still slim. Without the support of ETF, let's link it.
CKB is really strong, and the demand is very strong. It has reached a new high of 0.036 again. Many people want to use RGB++ to make up for the regret of the lack of BRC20 inscriptions, so it depends on how popular it can be.
Today's panic greed index: 78 (greed)
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