1. Industry Interpretation
1. Industry Interpretation
Today, the editor saw that the foreign media The Block interviewed LNBIG, the largest contributor to the Lightning Network (Lightning Network) node. Relevant personnel said that the biggest disadvantage of the Lightning Network is that few users are familiar with this network.
Don't say it or don't think it, it seems that it is indeed the case. From the current network deployment nodes, it can be seen that the largest number is still in the United States. There are only 30 in China.
For most leeks, they are more concerned about what is my bitcoin price today, whether to go long or short. I don't know much about related technologies, but don't forget that sometimes technological breakthroughs often create unexpected value.
So today I will give you a brief introduction to the Lightning Network in an easy-to-understand way.
The Lightning Network is a second-layer payment protocol that works on the blockchain. It mainly solves the scalability problem encountered by the bottom layer of Bitcoin. Of course, it is also applicable to other cryptocurrencies. The main idea is to transfer frequent small-amount transactions to the network outside the Bitcoin main chain, and improve the off-chain transaction channels through smart contracts, without the need for consensus confirmation on the Bitcoin main network, thereby improving transaction efficiency and the entire Bitcoin network. The performance of the currency network. At present, many peer-to-peer data transaction systems are built on the Lightning Network.
For example, if we compare Bitcoin to RMB, then Lightning Network is equivalent to Alipay. Everyone deposits money (Bitcoin) in Alipay (Lightning Network), and then they can make payment.
Imagine this scenario again. If the blockchain is regarded as the only bank in the entire network, the bank is currently short of staff and can only process a small amount of transactions per second, but tens of thousands of people are at the bank’s door every day. Line up to transfer money. Excuse me?
I have to wait for hours to buy a fried chicken. Because you have to operate at the counter to transfer a penny to others, this bank will record all transfer operations. But with the Lightning Network, it can do the queuing for you, and everything will be much easier.
2. Today's market overview
2. Today's market overview
Today's total market capitalizationIt was 2,211 US dollars, a decrease of 0.4% compared with yesterday. The market has not stopped restlessness after the early morning dive yesterday. The volatility of the entire market reached 4% and narrowed slowly. The trading volume was 70.5 billion US dollars, a decrease of 17% compared with yesterday. Due to the surge in trading volume due to panic selling yesterday, it dropped sharply today.
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The Executive Committee of the European Central Bank said that Libra can solve the problem of the global payment system; the former Bitcoin core developer said that Google's quantum computer breakthrough is not a threat to Bitcoin; Litecoin founder Li Qiwei supports PoW, suggesting that PoS has flaws.According to the statistics of Alternative.me, today's market sentiment is extremely panic, the panic and greed index is 12, the degree of panic is worse than yesterday, and the panic and greed index is close to the year's lowest point of 11.
3. Distribution of currency rise and fall
Among the top 100 currencies by market capitalization today, most of them have begun to pick up. Today's market is more restless, the amplitude is larger, but the overall change is not big. The biggest increase is ABBC. This coin has been jumping up and down recently. Today, AOA has the biggest drop, followed by Algo. Algo is a bottomless pit. Those who are waiting to buy the bottom are lucky.
4. Trading volume analysis
After the market experienced a sell-off, trading volumes slowly returned to normal. First of all, ignore the painful CKUSD, the trading volume of the top 30 currencies all began to retrace. The most obvious change in the trading volume of stablecoins, and the premium gradually returned to normal.
5. Stablecoin Analysis
5 minutes
Note: The USDT on-market discount and premium index is converted based on BTC/USD, BTC/USDT, USDT/USD and other trading pairs in multiple exchanges. It is the percentage ratio between USDT and USD, reflecting the trader's preference for USDT degree. The USDT off-exchange premium index is calculated based on the off-exchange price of USDT and the offshore RMB exchange rate. It is the percentage ratio between USDT and USD, reflecting the degree of crowding of funds entering and exiting the token market. When the index is 100, it means USDT parity, when the index is greater than 100, it means USDT premium, and if it is less than 100, it means USDT discount.
6. Technical analysis
BTC/USDT secondary market trend analysis (Huobi spot)
5 minutes
30 minutes
[BTC] After yesterday's waterfall, BTC led the second-tier currencies to digest the selling in a sideways manner. If you look carefully, you can find that this kind of consolidation is actually not strong, and the bulls have little ability to resist. They can only struggle to support the market. Now let’s analyze it from the 30-minute level. The current shock is still in the middle and lower part of the box at this level, indicating that the upper selling pressure is still quite strong. Looking at the minute-by-minute trend, although there was a small wave of rise last night, it was not long before it was beaten back to the box and oscillated. The willingness of the bulls to pull up is weak, and many funds are waiting to see and do not want to enter the market. The longer the sideways time, the more unfavorable it is for the bulls.
In summary,In summary,The high-level dive of BTC triggered a large-level breakout, and it was dealt with by a rebound trend at most in a short period of time.
LTC：The operation suggests that the short-term rebound is not strong, mainly shorting around 8650, with a stop loss of 100 points.Almost all of Wright's daily rises have been reversed, and there is still a lot of room for decline in terms of the trend, and the weak consolidation will weaken again at any time.
ETHThe operation suggests short-term shorting around 58, with a stop loss around 60.: The rising structure of ETH has been completely broken. Last night’s drop was directly inserted into half of the large box below.
EOS：Operational recommendations are mainly shorting around 172, with a stop loss around 174.Grapefruit has a strong downward force, and there is almost no recovery at present. In the short term, the general trend is over, and it will find the bottom after rebounding.
BCH:It is recommended to rebound to around 2.94 for short-term short-term, with a stop loss around 3.1.The BCH super large platform has been directly penetrated, accumulating a large amount of pressure on the holding plate, and the upward space is already quite limited.
It is recommended to rebound to around 228 for short-term short-term, with a stop loss around 231.
