2018 week 49 (12.02-12.08) blockchain secondary market report, the market bottom is endless, as did not break Yindie

This week the report focused on the content

  • This week the market trend: the market bottom is endless, as did not break Yindie

  • Eight exchange volume: mainstream exchange total turnover fell 26.8%

  • Exchange rate: digital assets increased by 13 percentage points, the trading activity rebounded for six consecutive weeks

  • Exchange wallet balance: BTC exchange balances increased 2.56%, USDT balance to reduce the 3%

  • OTC premium rate: USDT premium rate increases, or hunters funds admission

  • Bitcoin volatility index rebounded slightly, the panic has not yet subsided

  • Market summary

This week the report details

This week the market trend: the market bottom is endless, as did not break Yindie

At the time the report (December 8, 2018), Saturday the global block chain assets total market capitalization of $109 billion 400 million, 130 billion 800 million over the same period last week fell $21 billion 400 million, or 16.4%; the market turnover was $19 billion 200 million, up 15% over the same period last week.

This week (December 2, 2018 to December 8, 2018) Bletchley 10 index closed at 364.10 points, down 440.97 points over the same period last week 17%; Bletchley 20 index closed at 284.30 points, down 16%; Bletchley 40 index closed at 46.64 points, down 19%; Bletchley index closed at 151.43 points, down 17% from last week.

The market bottom is endless, as did not break yindie. After a brief consolidation at the beginning of the week last week, the market made ascribed to the inertia action, then once again into the unilateral decline of the disk, large and small cap currencies fell across the board, the market fell under continuous Yindie successive 1200 billion and 1100 billion points, another new low for the year, this is the market for four consecutive weeks to new lows. The flagging, investors need to wait.

Figure 1. this week the world’s total assets market value chain block

 2018 week 49 (12.02-12.08) blockchain secondary market report, the market bottom is endless, as did not break Yindie

Source: CoinMarketCap, TokenMania

Figure 2. the global block chain of digital assets total market value changes in the last month

 The forty-ninth week of 2018 (12.02-12.08) block chain two market report, the market bottom is endless, as did not break Yindie

Source: CoinMarketCap, TokenMania

Since bitcoin wedge shape Powei trend of the market has staged a brutal sell. Just one month, the global block chain of digital assets total market value has evaporated more than $100 billion, equivalent to down a market capitalisation of sinopec. Every time the bear market rebound is provided in the kinetic energy for the next wave or waves, I hope that investors pay attention to risk.

Eight exchange volume: mainstream exchange total turnover fell 26.8%

This week the eight exchange total turnover of $39 billion 500 million, $14 billion 500 million less than last week, a decline of 26.8%, the market volume declined significantly.

This week the eight exchange total turnover was low narrow concussion, from the trading volume structure, trading volume accounted for more than three of the exchange are BitMEX (36%), Bithumb (24%), Binance (12%), the top three eight exchange exchange trading volume accounted for 70% of total volume, down 4 percentage points compared with last week.

Figure 3. in the past two weeks eight exchange total volume change (USD)

 The forty-ninth week of 2018 (12.02-12.08) block chain two market report, the market bottom is endless, as did not break Yindie

Source: non small TokenMania.

From the global trading volume of LocalBitcoins, the last week of the global bitcoin OTC trading volume of $52 million 200 thousand, 23% lower than the previous week. Among them, Chinese area bitcoin OTC decreased $3 million 580 thousand to 22%. From the transaction structure, bitcoin OTC demand in the Middle East and South America countries and regions is still strong.

Figure 4.LocalBitcoins global trading volume

 The forty-ninth week of 2018 (12.02-12.08) block chain two market report, the market bottom is endless, as did not break Yindie

Source: Coin.Dance, TokenMania

Figure 5.LocalBitcoins China regional trading volume

 2018 week 49 (12.02-12.08) blockchain secondary market report, the market bottom is endless, as did not break Yindie

Source: Coin.Dance, TokenMania

Figure 6.LocalBitcoins Argentina trading volume

 2018 week 49 (12.02-12.08) blockchain secondary market report, the market bottom is endless, as did not break Yindie

Source: Coin.Dance, TokenMania

[note]: eight exchange refers to the currency, coins, OKEX, fire Poloniex, Bitmex, Bittrex, Bitfinex, Bithumb

Exchange rate: digital assets increased by 13 percentage points, the trading activity rebounded for six consecutive weeks

This week ten digital assets average turnover rate of 128%, up 17 percentage points compared with last week, the highest since August, nearly four month high, the overall market trading activity rebounded for six consecutive weeks. The average daily turnover of up to 23%, the lowest was 15%, extreme difference of 8 percentage points, 3 percentage points higher than last week.

Figure 7. nearly two weeks of the ten asset average exchange rate changes

 The forty-ninth week of 2018 (12.02-12.08) block chain two market report, the market bottom is endless, as did not break Yindie

Source: CoinMarketCap, TokenMania

The details of the exchange rate in figure 8. this week, the ten major asset

 2018 week 49 (12.02-12.08) blockchain secondary market report, the market bottom is endless, as did not break Yindie

Source: CoinMarketCap, TokenMania

This week ten digital asset turnover rate was unilateral upward trend, the turnover of the top three were ETC (298%), EOS (295%), DASH (195%); turnover ranked three were ADA (20%), XRP (24%), XLM (32%).

This week, in addition to XRP, BTC and other currency exchange rate all rise, the EOS turnover rate increased from 230% to 65 percentage points to 295%, the exchange rate increase in the top, followed by DASH, last week turnover rate increased by 49 percentage points, an increase in the second.

[note] the exchange rate is ten (BTC, ETH, currency XRP, XLM, BCH, EOS, LTC, ADA, ETC, DASH) the average daily value.

Exchange wallet balance: BTC exchange balances increased 2.56%, USDT balance to reduce the 3%

This week the exchange BTC balance to reverse the decline, increased 2.56% over the same period last week, around the end of a continuous downward trend.

This week an exchange currency still exists large cash transactions, last week increased. A total of 8 transactions in November 28th the day before and after a total of 12707 BTC coins from an exchange into a roll out, once again called “poly bitcoin” OTC exchange wallet address 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo. According to the official website, mainly engaged in the exchange of encryption currency OTC brokerage services. This week, the address out of record, still holds about 40 thousand of BTC, 31% more than last week.

Figure 9. suspected large cash transfer records (part)

 2018 week 49 (12.02-12.08) blockchain secondary market report, the market bottom is endless, as did not break Yindie

Source: BTC.COM, TokenMania

Figure 10. in the past four months exchange BTC balance and BTC prices

 2018 week 49 (12.02-12.08) blockchain secondary market report, the market bottom is endless, as did not break Yindie

Source: TokenMania

This week USDT 3% exchange balance declined last week, the end of the two-week recovery trend. This week the official currency TEDA without any open market operation, market circulation of USDT remained unchanged, the current USDT flux (ERC-20 version USDT) 18.87 million.

Figure 11. USDT exchange balance changes

 2018 week 49 (12.02-12.08) blockchain secondary market report, the market bottom is endless, as did not break Yindie

Source: TokenMania

[note] exchange is covering wallet balance comprehensive data Bitfinex, OKEX, currency and other mainstream exchange

OTC premium rate: USDT premium rate increases, or hunters funds admission

OTC OTC premium rates reflect the price than the floor price premium level, but also capture the scattered field outdoor funds emotional tools. Generally speaking, the high premium rate means that the entry of outside capital to positive emotions, whereas the mean retail funds approach power is not high, even in the capital fled.

Figure 12.USDT / USD exchange rate

 2018 week 49 (12.02-12.08) blockchain secondary market report, the market bottom is endless, as did not break Yindie

Source: Bitfinex, TokenMania

Figure 13.USDT premium index

 The forty-ninth week of 2018 (12.02-12.08) block chain two market report, the market bottom is endless, as did not break Yindie

Source: CHAINEXT, TokenMania

This week the Bitfinex exchange 1USDT against the 1USD all in the price premium, and to the extent of the migration continued to expand in December 8th, the same day the highest premium level reached 4%. At the same time, USDT premium index also continued to rise, once exceeded 100, to premium status. Overall, the recent or some are outside the capital approach.

[note] USDT premium index was 100 when USDT said parity index greater than 100 represents USDT premium, less than 100 indicates that the discount of USDT.

Bitcoin volatility index rebounded slightly, the panic has not yet subsided

Generally speaking, the level of fear of bitcoin price volatility index can be used to measure the market, the higher the value often reflects the trend of having the higher degree of divergence.

Figure 14. on the level of bitcoin BVOL24H volatility

 The forty-ninth week of 2018 (12.02-12.08) block chain two market report, the market bottom is endless, as did not break Yindie

Source: BitMEX, TokenMania

Figure 15. Greed & fear index

 2018 week 49 (12.02-12.08) blockchain secondary market report, the market bottom is endless, as did not break Yindie

Source: Alternative.me, TokenMania

This week, bitcoin price volatility index ushered in a slight rebound, still ranked high, the market panic also upgrade again, in a state of extreme panic, with increasing duration of extreme panic, the market safety margins are rising.

Market summary

The market bottom is endless, as did not break yindie. After a brief last week after the consolidation, the beginning of the week the market make inertia ascribed to the action, then once again into the unilateral decline of the disk, large and small cap currency fell, fell under the market for Yindie fell $120 billion and $110 billion points, another new low for the year, the is the market for four consecutive record low disk flagging, investors need to wait . At the time the report (December 8, 2018), Saturday the global block chain assets total market capitalization of $109 billion 400 million, $130 billion 800 million over the same period last week fell $21 billion 400 million, down 16.4%.

This week the eight exchange total turnover of $39 billion 500 million, $14 billion 500 million less than last week, a decline of 26.8%, the market volume declined significantly, a two drop trend . This week the eight exchange total turnover was low narrow concussion, from the trading volume structure, trading volume accounted for more than three of the exchange are BitMEX (36%), Bithumb (24%), Binance (12%), the top three eight exchange exchange trading volume accounted for 70% of total volume, down 4 percentage points compared with last week. In addition, bits of OTC demand in the Middle East and South American countries and regions is still strong.

This week ten digital assets average turnover rate of 128%, last week increased by 17 percentage points, the highest since August, nearly four month high, the overall market trading activity rebounded for six consecutive weeks . This week ten digital asset turnover rate was unilateral upward trend, the turnover of the top three were ETC (298%), EOS (295%), DASH (195%); turnover ranked three were ADA (20%), XRP (24%), XLM (32%). This week, in addition to XRP, BTC and other currency exchange rate all rise, the EOS turnover rate increased from 230% to 65 percentage points to 295%, the exchange rate increase in the top, followed by DASH, last week turnover rate increased by 49 percentage points, an increase in the second.

This week the exchange BTC balance to reverse the decline, increased 2.56% over the same period last week, around the end of a continuous downward trend. This week an exchange currency still exists large cash transactions, compared with last week, up to 12 thousand and 700 BTC . This week USDT exchange balance decreased by 3% compared to last week, ending two consecutive weeks of recovery trend. This week the official currency TEDA without any open market operation, market circulation of USDT remained unchanged, the current USDT flux (ERC-20 version USDT) 1 billion 887 million.

This week the Bitfinex exchange 1USDT against the 1USD all in the price premium, and to the extent of the migration continues to expand, in the 12 month 8 day 4% reached the highest level of premium. At the same time, USDT premium index also continued to rise, once exceeded 100, to premium status, recent or some outside the capital is approaching.

This week, bitcoin price volatility index ushered in a slight rebound, still ranked high, the market panic also upgrade again, in a state of extreme panic, with increasing duration of extreme panic, the market safety margins are rising.

Risk warning

  • The domestic and foreign regulatory policies than expected

Disclaimer

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