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BTC led the market to rise sharply, and BTC itself also stood above $11,000. On October 16, the OKEx exchange announced that it would suspend user withdrawals, which caused panic in the market and the entire market retreated to a large extent. The extent of the follow-up progress of this incident cannot be determined in the short term, and investors still need to continue to pay attention.
Index Highlights
According to the Standard Consensus Market Composite Index, the latest index is 1,570.39, an increase of 11.91% from last week. BTC led the market to rise, stimulated by good news such as Paypal will support multiple cryptocurrency payments including Bitcoin and OKEx reopened OTC transactions. Other mainstream currencies rose accordingly, forming a general market effect, and the trading volume was significantly enlarged. The market's recent gains will have some continuation.
According to the standard consensus market sentiment index, the latest index is 1.03, which indicates that the market sentiment is good. Boosted by the news that Paypal is about to open the purchase, holding and sale of various cryptocurrencies including Bitcoin, the market has generally risen, and the sentiment is constantly improving, accompanied by an increase in trading volume.
According to the standard consensus BTC mining income index, in the last 24 hours, the income per T computing power is $0.08, and the mining income has returned to the normal range, and the market has no obvious short-term trend.
Quantitative Team Analysis
According to the opening of funds, the direction of opening positions of various quantitative fund products has gradually become unified. Stimulated by the good news, bullishness has become the market leader.
According to the use of fund leverage, various quantitative funds have gradually increased their use of leverage, and under the stimulus of good news, they have further increased their leverage. However, as the market fluctuated at a high level, the leverage ratio fell back.
Trend review and analysis of BTC and ETH
market trend
Trend review and analysis of BTC and ETH
According to CoinMarketCap data, the average daily turnover rate of BTC in the past 7 days is 12.52%, which is 0.09% higher than the average daily turnover rate in the past three months, and 1.38% higher than the average daily turnover rate last week. Boosted by the news of buying, holding and selling multiple cryptocurrencies in China, BTC rose rapidly, breaking through $13,000, and the market enthusiasm was ignited. At present, BTC has entered a stage of high volatility, and the market still has continuity. The good news has not been fully digested, and it still has a driving effect on the rise of BTC. The transaction volume has been significantly enlarged, and the enthusiasm for new funds entering the market is high. The support level of BTC is at $12,000, and we should pay attention to whether the state of the market can form a continuation.
Be vigilant against illegal financial activities under the banner of blockchain and new technologies. The standard consensus resolutely resists various illegal activities such as illegal fundraising, network pyramid schemes, ICO and various variants, and dissemination of bad information using blockchain.
risk warning:
Be vigilant against illegal financial activities under the banner of blockchain and new technologies. The standard consensus resolutely resists various illegal activities such as illegal fundraising, network pyramid schemes, ICO and various variants, and dissemination of bad information using blockchain.
