Original source:Echoo Research
Original source:
market trend this week
Weekly NFT Market Volume (Source: echoo.substack.com)
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From a larger time span, the total trading volume of the entire NFT market is still hovering in a low range, and there is no sign of a strong rebound. This trend has been going on for 14 weeks since May this year, and we are still waiting for a stronger rebound signal.
Weekly NFT Market Traders (Source: echoo.substack.com)
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At present, the data of traders (Buyers, Sellers) is at the low level of the historical range, and the number of sellers is slightly larger than the number of buyers. on "Sell".
Blue Chip Index (Source: echoo.substack.com)
The blue-chip NFT index has fallen for 5 consecutive weeks, which means that more funds are flowing out of NFTs in the top range, which has an impact on the overall stability of the NFT market. At present, the blue-chip index is close to the lowest value of this year. Will it fall below the lowest value? Value, this is the next thing we have to pay attention to.
Weekly Trend On The Net Value Of Whale Capital (Source: echoo.substack.com)
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This week, the net inflow of giant whales has reduced the outflow compared with last week, but it is still negative.
Through the tracking in the past few weeks, we found that the behavior of giant whales is ahead of schedule compared with the NFT market. When the overall trading volume of the market is currently sluggish, the overall liquidity of giant whales is low, which means that giant whales are more inclined to small Capital scale Participate in NFT investment.
The NFT market is very weakly affected by giant whales, and more retail investors are leading transactions.
exclusive indicator
The following table shows the top 20 NFTs purchased by giant whales. The detailed purchase quantity and average cost are as follows:
NFTs Bought By Whales In The 34th Week
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The indicators provided by this research are the blue-chip NFT buying and selling signals. NFTGo Research first selected the classic RSI and SMA indicators for testing and conversion, which has certain reference for buying and selling behaviors.
Buy-Sell Signals Of Blue Chip NFTs In The 34th Week
Most of the blue-chip prices this week triggered a buy signal. Those who want to buy blue-chip NFTs at a low price can pay attention to the recent prices, and there may be good opportunities.
Indicator description
Indicator description
RSI Strategy: A buying and selling signal designed according to the relative strength of buying and selling of RSI.
Simple usage method: below the fluctuation range is a buy signal, above the fluctuation range is a sell signal, the greater the deviation, the stronger the signal.
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SMA Trend Of Blue Chip NFTs In The 34th Week
Indicator description
SMA: Reflects the trend of short-term to long-term.
SMA: Reflects the trend of short-term to long-term.
Simple usage: When the short-period line crosses the long-period line from below, it is a buy signal, and when the short-period line crosses the long-period line from above, it is a sell signal.
Simple usage: When the short-period line crosses the long-period line from below, it is a buy signal, and when the short-period line crosses the long-period line from above, it is a sell signal.
