1. Market trend: BTC is lower than the main moving average, and there is great rebound pressure
From the change of the ratio of unrealized gain to loss of BTC, this value reached 0.408 on April 19 and the lowest point of the year reached 0.314 on January 22. Historically, the ratio of realized gains to unrealized losses can be as low as less than 0.25. At present, the nupl index of BTC has been running in the low range within 2 years. If in a bull market, this value has increased to a low buying point. The expectation of BTC shrinkage adjustment remains unchanged. The long-term adjustment means that the nupl index is likely to continue to retreat, and the price decline is also expected.
In terms of price, BTC in the daily K-line chart is already below the bonding areas of different moving averages, and the demand for further changes is very strong. In short, if BTC cannot maintain the upward breakthrough trend, it will choose to break down in the short term. Recently, the US dollar index has continued to strengthen, and the point has reached more than 100, which also puts great pressure on the rebound of BTC. In addition, the Fed's expectation of raising interest rates is very strong, and BTC is more likely to remain weak.
2. Interpretation of eth average capital rate:
The average daily operating rate of eth is below - 0.02%, indicating that investors frequently buy eth funds. The decrease of financing cost means that the selling pressure of eth is large. Considering that the ETH point operates around us $3100, there are many opportunities for further downward change.
In terms of daily K-line, the bonding effect of eth moving average is more obvious, and the risk of short-term change is greater. In particular, the strong earthquake expectation is very strong, so we should pay attention to the high change expectation.
3. Dragon and tiger list:
During the short-term rise of mainstream currencies, the overall market began to differentiate continuously. Among the currencies with the highest growth, the platform currency cake has a large short-term increase, while the old public chain ZIL, EOS and theta have the highest growth. At the same time, XmR and Zec rank relatively high, the market hot spots are relatively scattered, and it is more likely to grasp short-term opportunities.
CAKE
Pancakeswap (also known as pancake) is the top five decentralized exchange and the largest exchange on BSC (coin security intelligent chain), with the highest number of users. Pancakeswap has the following characteristics: the transaction cost is much lower than that on ERC chain (the cost of each transaction of BSC is about US $0.01 ~ 0.3), and the transaction cost of ERC chain is about US $200. Most emerging currencies on the currency security chain can be traded in pancakeswap.
In terms of position locking, the amount of cake position locking remained stable, reaching US $5.13 billion on April 21. Although it is lower than the highest peak of $7.79 billion on March 3, 2021, the TVL value of cake is very stable during the year, which supports the expectation of cake rebound.
In terms of 24-hour increase, cake rose to 10.1%, continuing the recovery trend since mid March. The daily trading volume is not high, and the rhythm of price recovery is relatively mild.
EOS
As an old public chain, EOS's TVL ranks 27th in the public chain. On April 21, 2022, the value showed that it was $280 million. Although the lock up volume is not high, the recent action of EOS foundation is expected to change this situation.
On April 19, 2022, EOS network foundation held eosevm press conference and AMA activity in twitterspaces. Yves LaRose, founder and CEO of EOS network foundation, Matias Romeo, technical director of EVM working group and Dr. yarkin, core member of EVM product team, attended the event and delivered a keynote speech around this major event.
At the press conference, Yves LaRose described in detail the original intention of EOS network foundation, its main t contribution after taking over EOS and the changes brought to eosio by Mandel upgrade, and announced the official brand of eosevm - trust. According to its description, trust will operate as an independent project, and then the developer preview version of trust will be officially opened. At the same time, a token named EVM will be issued in the future as part of EVM value products. The release of trust (token: EVM) will help EOS further complete the ecological diversification, make EVM's defi project benefit from yield, and further stimulate the TVL improvement of EOS.
Therefore, although the recent price trend of EOS is relatively mild, it is expected to continue to rise, which is worthy of attention.
XMR and ZEC
Private currency XmR and Zec led the short-term increase, indicating that the hot plates are relatively scattered under the current market. The short-term performance of private currency is good. In contrast, the short-term increase of BTC is limited. We can continue to pay attention to the adjustment expectation in the near future.
Decline list
Among the currencies with the highest decline, ape, GMT, waves and near led the decline, indicating that the performance of hot currencies is poor and the market is on the eve of change. The overall market sectors rose and fell with each other. While paying attention to BTC's changing direction, we need to pay more attention to the risk of currency holding.
