The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

This week the report focused on the content:

  • This week the market trend: income decline slowed to plunge rebound lily, stable people

  • Eight exchange volume: mainstream exchange total turnover decreased slightly 0.9%, basically unchanged from last week

  • Exchange rate: digital assets increased by 17 percentage points, the trading activity rebounded for 5 weeks

  • Exchange wallet balance: BTC exchange balance decreased by 0.7%, 4.5% increase in the balance of USDT

  • OTC premium rate: BTC, ETH premium rate increased, USDT discount level increased slightly

  • Bitcoin volatility index: panic release, volatility decline

  • Market summary

This week the report details:

This week the market trend: income decline slowed to plunge rebound lily, stable people

At the time the report (December 1, 2018), Saturday the global block chain assets total market capitalization of $130 billion 600 million, 140 billion 200 million over the same period last week fell $9 billion 600 million, or 6.8%; the market turnover was $16 billion 800 million, up 13% over the same period last week.

This week (November 25, 2018 to December 1, 2018) Bletchley 10 index closed at 440.97 points, down 475.88 points over the same period last week 7%; Bletchley 20 index closed at 337.33 points, down 8%; Bletchley 40 index closed at 57 points, down 4%; Bletchley index closed at 183.22 points, compared with last week fell 7%.

Collect plunge rebound lily, steady decline slowed heart. At the beginning of the week “in the market slump sequela” under the near inertial dropping to 1150 billion, a new year low. Less than half a month, the market evaporated more than 1000 billion in market value. But the remaining trading day, the market did not decline to continue to expand, with the fermentation of Bitfinex exchange USDT exchange market news, the market has recovered 1200 billion and 1300 billion level, large and small cap currency decline, trading gold market sentiment rebounded slightly ending.

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

 The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: CoinMarketCap, TokenMania

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

 2018 years in 48 weeks (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: CoinMarketCap, TokenMania

With bitcoin finishing wedge shape down the broken bits, have declared the market completely bear away the fact that the short term, although the decline has eased, but each time in the bear market of the rebound is provided in kinetic energy for the next wave or waves, I hope that investors pay attention to risk.

Eight exchange volume: mainstream exchange total turnover decreased slightly by 0.9%, basically unchanged from last week

This week the eight exchange total turnover of 383 billion 900 million yuan, 3 billion 400 million yuan less than last week, a decline of 0.9%, basically unchanged from last week, the head end of continuous rising trend around the exchange volume.

This week the eight exchange total turnover was unilateral downward trend, from the trading volume structure, trading volume accounted for more than three of the exchange are BitMEX (38%), Bithumb (23%), Binance (13%), the top three eight exchange exchange trading volume accounted for 74% of total volume, up 2 percentage points compared with last week.

Figure 3. in the past two weeks eight exchange total volume change (unit: yuan)

 The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: non small TokenMania.

Fig 4. changes of eight exchange history total daily trading volume (unit: yuan)

 2018 week 48 (11.25-12.01) blockchain secondary market report, income decline slowed to plunge rebound lily, stable people

Source: non small TokenMania.

From the perspective of time longer, the recent eight exchange total daily trading volume this year is still hovering in the low range near 30 billion yuan, taking into account the existing exchange amount of brush, in fact the volume may be lower.

From the global trading volume of LocalBitcoins, the last week of the global bitcoin OTC trading volume of $67 million 710 thousand, compared with the previous week rose 17%. Among them, Chinese area bitcoin field of foreign exchange trading volume fell 3% to $4 million 600 thousand. From the transaction structure, bitcoin OTC demand in the Middle East and South America countries and regions is still strong.

Figure 5.LocalBitcoins global trading volume

 The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: Coin.Dance, TokenMania

Figure 6.LocalBitcoins China regional trading volume

 2018 years in 48 weeks (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: Coin.Dance, TokenMania

Figure 7.LocalBitcoins Argentina trading volume

 The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

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 17 percentage points, the trading activity rebounded for five consecutive weeks

This week ten digital assets average turnover rate of 115%, up 17 percentage points compared with last week, the highest since August, nearly four month high, the overall market trading activity rebounded for five consecutive weeks. The average daily turnover of up to 19%, the lowest was 14%, extreme difference of 5 percentage points, a decline of 6 percentage points compared with last week.

Figure 8. nearly two weeks of the ten asset average exchange rate changes

 The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: CoinMarketCap, TokenMania

The details of the exchange rate in figure 9. this week 10 assets

 2018 years in 48 weeks (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: CoinMarketCap, TokenMania

This week ten digital asset turnover rate showed a down trend, the turnover of the top three were ETC (279%), EOS (230%), LTC (183%); turnover ranked three were ADA (22%), XLM (23%), BCH (30%).

This week except XRP currency exchange rate all rise, the ETC turnover rate increased from 233% to 46 percentage points to 279%, the exchange rate increase in the top, followed by EOS, last week turnover rate increased by 37 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 balance decreased by 0.7%, 4.5% increase in the balance of USDT

This week BTC exchange balance continues to decline over the same period last week, a reduction of 0.7%, or slowing down. BTC balance of four consecutive decline, record lows for the year.

This week an exchange of large cash currency reproduction behavior, but the trading volume decreased significantly. 11 month 30 day before and after the 4 deal, a total of 5665 BTC from an exchange currency turn out again into a 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, 15% more than last week.

Figure 10. suspected large cash transfer records (part)

 The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: BTC.COM, TokenMania

Figure 11. nearly 4 months BTC and BTC exchange balance price trend

 The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: TokenMania

This week USDT exchange balance continues to rise, an increase of 4.5%. This week the official currency a TEDA issuing market, the actual increase of 50 million USDT, the current USDT flux (ERC-20 version USDT) 1 billion 887 million.

Figure 12. USDT exchange balance changes

 The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: TokenMania

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

OTC premium rate: BTC, ETH premium rate increased, USDT discount level increased slightly

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.

This Wednesday the currency OTC premium rate continued differentiation trend, in which BTC and ETH premium rate continued to rise, while the USDT discount rate increased slightly. The Huobi and OTCBTC of two major foreign exchange BTC premium rate averaged 3.5%, unchanged from last week; the average premium rate of ETH was 1.5%, last week increased by 0.5 percentage points; USDT premium rate on the sidelines of the Huobi -1% on average, while in the OTCBTC exchange -9% in average, two average premium exchange rate is -5%, the discount rate last week increase of 1.5 percentage points.

Figure 13. in the past two weeks BTC OTC premium rate

 The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: TokenMania

Figure 14. in the past two weeks ETH OTC premium rate

 2018 years in 48 weeks (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: TokenMania

Figure 15. in the past two weeks USDT spillover rate

 The forty-eighth week of 2018 (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: TokenMania

Bitcoin volatility index: panic release, volatility decline

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 16. week bitcoin volatility level BVOL24H

 2018 years in 48 weeks (11.25-12.01) block chain two market report, income decline slowed to plunge rebound lily, stable people

Source: BitMEX, TokenMania

In October 22nd, bitcoin price volatility index hit a nearly two years to the lowest, only 0.46. With bitcoin finishing wedge shape of the broken bits, bitcoin price volatility enlarge rapidly, but also resulted in the trend of the influence to the market, the market panic has been effectively released. After last week, bitcoin price volatility rate reached nearly 10 month peak of 10.17, short-term volatility has peaked, this week volatility index all the way down, the market sentiment is gradually restored, but at the bottom of the market has not yet appeared, still need time to digest.

Market summary

Collect plunge rebound lily, steady decline slowed heart. At the beginning of the week “in the market slump sequela” under the near inertial dropping to $115 billion, a new year low. Less than half a month, the market has more than $100 billion in market value evaporated. But the remaining trading day, the market did not decline to continue to expand, with the fermentation of Bitfinex exchange USDT exchange market news, the market has recovered 120 billion and $130 billion levels, large and small cap currency decline, trading gold market sentiment rebounded slightly ending. At the time the report (2018 12 1), on the global block chain assets total value of 1306 billion dollars, compared with the same period last week fell 1402 million 96 million, down 6.8%.

This week the eight exchange total turnover of 3839 billion yuan, 34 billion yuan less than last week, a decline of 0.9%, basically unchanged from last week, the head end exchange volume four consecutive rise. This week eight exchange total turnover was unilateral downward trend, from the trading volume structure, trading volume accounted for the top three exchange are BitMEX (38%), Bithumb (23%), Binance (13%), the third exchange eight exchange trading volume accounted for the total volume of 74%, last week increased by 2 percentage points. 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 115%, last week increased by 17 percentage points, the highest since August, nearly four month high, the overall market trading activity rebounded for five consecutive weeks. Ten digital asset turnover rate is down trend, the turnover of the top three were ETC (279%) EOS, (230%), LTC (183%); turnover ranked three were ADA (22%), XLM (23%), BCH (30%). This week except XRP currency exchange rate all rise, the ETC turnover rate increased from 233% to 46 percentage points to 279%, the exchange rate increase in the top, followed by EOS, last week turnover rate increased by 37 percentage points, an increase in the second.

This week BTC exchange balance continues to decline. Over the same period last week at a rate of up to 0.7%, or slowing down. BTC balance of four consecutive decline, record lows for the year. This week an exchange of large cash currency reproduction behavior, but the trading volume decreased significantly. This week USDT exchange balance continues to rise, an increase of 4.5%. This week the official currency a TEDA issuing market, the actual increase of 50 million USDT, the current USDT flux (ERC-20 version USDT) 1 billion 887 million.

This Wednesday the currency OTC premium rate continued differentiation trend, in which BTC and ETH premium rate continued to rise, while the USDT discount rate increased slightly . The Huobi and OTCBTC of two major foreign exchange BTC premium rate averaged 3.5%, unchanged from last week; the average premium rate of ETH was 1.5%, last week increased by 0.5 percentage points; the premium rate in USDT Huobi – an average of -1%, while in the OTCBTC exchange -9% in average, two average premium exchange rate is -5%, the discount rate increased by 1.5 percentage points compared with last week.

Last week, bitcoin price volatility rate reached nearly 10 months after the peak of 10.17, short-term volatility has peaked, this week volatility index all the way down, the market sentiment is gradually restored, but at the bottom of the market has not yet appeared, still need time to digest .

Risk warning

  • The domestic and foreign regulatory policies than expected

Disclaimer

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The TAMC Research Institute. The 46 week block chain secondary market report

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