# Сопутствующие статьи по теме ETF

Новостной центр HTX предлагает последние статьи и углубленный анализ по "ETF", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

4 Classic Bottom-Fishing Indicators All Failed, 3 New Indicators Point to the Bottom-Fishing Opportunity?

The article analyzes the shifting effectiveness of traditional Bitcoin bottom-buying indicators and proposes new metrics to identify potential market bottoms. Four classic indicators are discussed: - **MVRV Z-Score** (currently ~1.31) is distorted by institutional holdings, making historical "extreme negative" values unlikely. - **Ahr999 Index** has remained below 0.45 for nearly 50 days, but its long-term predictive power has diminished due to macro factors. - **SOPR Metrics** show STH-SOPR consistently below 1 (bearish), while LTH-SOPR remains between 0.75–1, indicating no full capitulation. - **Mayer Multiple** (price/200-day MA) has also stayed below 0.8 for 50 days but lacks consistent predictive strength. Three alternative indicators are suggested: 1. **CVDD (Cumulative Value Days Destroyed)**: Models a historical "iron bottom" near $45,000. 2. **NUPL (Net Unrealized Profit/Loss)**: Currently at 0.2; negative values often signal market bottoms. 3. **Stablecoin Exchange Netflow**: Sustained inflows of USDT/USDC to exchanges typically precede rebounds by 2–4 weeks, but current outflows suggest no immediate bottom. The conclusion emphasizes that indicators are reference tools, not guarantees, and cautions that widespread public euphoria (e.g., mainstream adoption talks) may signal a sell opportunity rather than a buy.

Odaily星球日报03/19 13:22

4 Classic Bottom-Fishing Indicators All Failed, 3 New Indicators Point to the Bottom-Fishing Opportunity?

Odaily星球日报03/19 13:22

SpaceX Holds Nasdaq at the Negotiating Table, Hyperliquid Has Already Flipped the Table

Summary: The article examines the shifting power dynamics in global capital markets, driven by the rise of private funding and decentralized finance (DeFi). It begins by contrasting the 1971 launch of Nasdaq's electronic system with the current landscape, where companies like SpaceX can demand unprecedented concessions—such as accelerated inclusion in major indices—as a condition for their public listing. This reflects a fundamental change: massive private capital from funds like SoftBank's Vision Fund now allows firms like Revolut ($75B valuation) and Stripe ($159B valuation) to delay or de-prioritize IPOs, as they no longer rely on public markets for primary funding. However, public listing remains crucial for employee liquidity and VC exits. A new, critical motivator is the immense, stable capital from passive index funds. With passive assets now exceeding active management in the U.S., inclusion in indices like the Nasdaq 100 guarantees perpetual, non-discretionary buying pressure. SpaceX's negotiation for fast-track index inclusion highlights this strategic leverage. Simultaneously, traditional exchanges face disruption from DeFi. The piece cites Hyperliquid, a decentralized exchange with 2025 volumes (~$3T) double that of Coinbase. Its growth in tokenized traditional assets (e.g., S&P 500 perpetual contracts) and 24/7 trading attracts professional traders, eroding the monopolies of institutions like NYSE and Nasdaq. In response, NYSE's parent ICE is investing in crypto platforms (e.g., OKX, Polymarket), acknowledging that future competition may come from DeFi protocols, not just rival exchanges. The conclusion is that the market structure is layering: old systems adapt (Nasdaq changing rules, ICE investing in crypto) while new, decentralized infrastructures grow, creating a future where the most powerful companies may not need to "knock on the door" of traditional exchanges at all.

marsbit03/19 04:40

SpaceX Holds Nasdaq at the Negotiating Table, Hyperliquid Has Already Flipped the Table

marsbit03/19 04:40

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