【Blockchain Briefing 0322】
1. Market trend:
Short-term support level 64434
Short-term pressure level 67284, 68879
Medium-term support level 62896, 57777
Mid-term pressure level 73135
Stablecoin supply and exchange data show that the selling pressure on#BTCis not large, and the selling pressure on#ETHis flat. There are no signs of inflows into stablecoin exchanges, but the supply has increased slightly.
Options data shows that#BTC#ETH still shows no signs of reversal, and#ETHwill resume its upward cycle later in the future.#BTC#ETH contract positions fluctuate at high levels, new long positions are accumulating, and funding rates have fallen, proving that the bullish momentum has almost been completed and new momentum needs to be gathered.
2. Macroeconomic data:
1. U.S. dollar index: closed up 0.60% at 104
2. Treasury bond prices: The benchmark 10-year U.S. bond yield closed at 4.2660%, and the 2-year U.S. bond yield, which is most sensitive to the Federal Reserve’s policy interest rate, closed at 4.6430%
3. Gold price: closed down 0.24% at $2,180.50 per ounce
4. WTI crude oil: WTI crude oil finally closed down 0.76% at $80.75 per barrel
5. Stock market: The Dow closed up 0.7%, the S&P 500 rose 0.3%, and the Nasdaq rose 0.2%
6. USDCNY: 7.26
7. Interest rate hike expectations: According to the Federal Reserve Interest Rate Observer, the probability of maintaining interest rates at 5.25-5.50 in May is 88.3%, and the probability of cutting interest rates to 5.00-5.25 is 11.7%.
8. Cryptocurrency: The overall market value fell by 1.85% to $2.5T, the 24-hour trading volume dropped by 26.65% to $125.91B, and the market value of stable coins increased by 0.71% to 146.1B
9. ETH pledge situation: The current pledge amount is 31.34METH, and the pledge rate is 26.07%
3. Position data of 9 ETFs:
Updated March 21:#Grayscaleis down 6,899 $BTC (-$462M) and currently holds 361,659 $BTC ($24.23B).
9 ETFs (including#Grayscale) lost 4,413 $BTC (-$295.6 million).
4. Yesterday’s macro news:
1. The number of initial jobless claims in the United States in the week to March 16 was 210,000, lower than the expected 215,000 and higher than the previous value of 209,000.
2. The Bank of England kept its benchmark interest rate unchanged at 5.25%, in line with market expectations. No one voted for a rate hike. Bank of England Governor Bailey: Markets are "reasonably priced" for an interest rate cut this year given the path of inflation. Policymakers must “act ahead.”
3. The Swiss National Bank fired the first shot of cutting interest rates, unexpectedly raising the benchmark interest rate from 1.75% was lowered to 1.5%, and the market expected it to remain unchanged.
4. Former U.S. Treasury Secretary Summers criticized the Federal Reserve, saying it could not resist cutting interest rates.
5. The United Nations Security Council will vote on the draft resolution proposed by the United States on the ceasefire in the Gaza Strip on the 22nd.
6. Market news: The United States supports the use of Russian bank assets to issue $50 billion in bonds for Ukraine.
7. Market news: US President Biden was sued by 16 US states for suspending the issuance of new liquefied natural gas export licenses.
8. The fire at Samsung’s semiconductor factory may affect the memory chip market.
9. The U.S. Department of Justice filed an antitrust lawsuit against Apple over the iPhone; market news: Relevant departments will launch an investigation into Apple (AAPL.O) and Google (GOOG.O) based on EU digital law for the first time, which may pave the way for fines. the way.
10. Musk said that the next product of his brain-computer interface company will be "Blindsight", and the implant is being tested on monkeys.
