The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

This week the report focused on the content

  • This week the market trend: the bear market bottom is long, low shrinking Yindie innovation

  • Eight exchange volume: mainstream exchange total turnover fell 23.7%

  • Exchange rate: digital assets decreased by 21 percentage points, ending six liters

  • Exchange wallet balance: BTC exchange balance decreased by 1.1%, reducing the balance of 2.7% USDT

  • OTC premium rate: USDT premium rate fell slightly

  • Bitcoin volatility index, fell 62%, the panic has not yet subsided

  • Market summary

This week the report details

This week the market trend: the bear market bottom is long, low shrinking Yindie innovation

At the time the report (December 15, 2018), Saturday the global block chain assets total market capitalization of $102 billion 300 million, 109 billion 400 million over the same period last week fell $7 billion 100 million, or 6.5%; the market turnover was $11 billion 700 million, down 38% from last year.

This week (December 9, 2018 to December 15, 2018) Bletchley 10 index closed at 340.38 points, down 360.10 points over the same period last week 7%; Bletchley 20 index closed at 259.02 points, down 9%; Bletchley 40 index closed at 43.93 points, down 6%; Bletchley index closed at 141.35 points, down 7% from last week.

The bear market bottom is long, low shrinking Yindie innovation. At the beginning of the week in the tentative upside $115 billion level but has not been recognized by the market, then the market shocks all the way large and small cap shrinking Yindie, currencies fell across the board, continuous Yindie under the market to new lows for the year, this is the market for the five consecutive week hit a new low, late insurance keep the $100 billion barrier, poor market sentiment.

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

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: CoinMarketCap, TokenMania

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

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: CoinMarketCap, TokenMania

Since bitcoin wedge shape Powei trend of the market has staged a brutal sell. Within a month, the global block chain of digital assets capitalization lost more than 1000 billion, equivalent to down to a market value 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 23.7%

This week the eight exchange total turnover of 202 billion 800 million yuan, 63 billion yuan less than last week, a decline of 23.7%, a decline of 7 percentage points last week to teach less, the market volume for three consecutive weeks atrophy.

This week the eight exchange total turnover shock showed a downward trend, from the trading volume structure, trading volume accounted for more than three of the exchange are Bithumb (33%), BitMEX (32%), OKEX (10%), the top three eight exchange exchange trading volume accounted for 75% of total volume of last week, up 5 percentage points.

Figure 3. in recent weeks eight exchange total volume change

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: non small TokenMania.

Fig 4. changes of eight exchange history total daily trading volume

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: non small TokenMania.

From the perspective of time longer, the recent eight exchange total daily trading volume continued to shrink this year, in the low range of 30 billion yuan hovering nearby, considering the existing exchange amount of brush behavior, actually may have low volume.

From the global trading volume of LocalBitcoins, the last week of the global bitcoin OTC trading volume of $55 million 750 thousand, compared with the previous week rose 6.8%. Among them, China area bitcoin field of foreign exchange trading volume fell 8.4% to 328 million. From the regional structure, bitcoin OTC demand in the Middle East and South America countries and regions is still strong.

Figure 5.LocalBitcoins global trading volume

 The latest blockchain secondary market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: Coin.Dance, TokenMania

Figure 6.LocalBitcoins China regional trading volume

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: Coin.Dance, TokenMania

Figure 7.LocalBitcoins Argentina trading volume

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: Coin.Dance, TokenMania

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

Exchange rate: digital assets decreased by 21 percentage points, ending six liters

This week ten digital assets average turnover rate of 107%, down 21 percentage points compared with last week, the overall market transactions active termination six weeks of continuous rise. The average daily turnover of up to 17%, the lowest was 13%, extreme difference of 4 percentage points, a decline of 4 percentage points compared with last week.

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

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: CoinMarketCap, TokenMania

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

 The latest blockchain secondary market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: CoinMarketCap, TokenMania

This week ten digital asset turnover rate was unilateral downward trend, the turnover of the top three were EOS (281%), LTC (179%), ETC (173%); turnover ranked three were ADA (10%), XRP (20%), BCH (35%).

This week except XLM currency exchange rate all decreased, the ETC turnover rate decreased from 298% to 125 percentage points to 173%, the exchange rate fell first, followed by DASH, last week turnover rate dropped 38 percentage points, a decline among 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 1.1%, reducing the balance of 2.7% USDT

This week BTC exchange balances fell again, down 1.1% from last year, currency exchange records without exception.

With the recent currency in relation to an exchange called “poly bitcoin” OTC exchange (wallet address 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo) this week to exchange currency an recharge about 12 thousand of BTC, according to the official website, mainly engaged in the exchange of encryption currency OTC brokerage services. At present still holds about 41 thousand of BTC, 23% less than last week.

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

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: TokenMania

This week USDT exchange balance continued to decline, down 2.7% compared to last week, has dropped for two consecutive weeks. 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.

Figure 11. USDT exchange balance changes

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: TokenMania

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

OTC premium rate: USDT premium rate fell 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.

Figure 12.USDT / USD exchange rate

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: Bitfinex, TokenMania

Figure 13.USDT premium index

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: CHAINEXT, TokenMania

This week the Bitfinex exchange 1USDT against the 1USD all in the price premium, but the premium level fell slightly last week, the premium rate in 1.5% to 2.5% range. At the same time, USDT OTC premium index also fell below 100, most of the time in the region, negative premium.

[note] USDT OTC discount or premium index is 100 USDT parity index greater than 100 represents USDT premium, less than 100 indicates that the discount of USDT.

Bitcoin volatility index, fell 62%, 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. bitcoin volatility level BVOL24H

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: BitMEX, TokenMania

Figure 15. Greed & fear index

 The new block chain two market weekly. The bear market bottom is long, low shrinking Yindie innovation

Source: Alternative.me, TokenMania

This week, bitcoin price volatility index continued to decline, the opening value of 7.55 to 2.9, a decline of 62%, the market amplitude level gradually weakened, but the market is still in the emotional state of panic in the market, the expected short-term shocks bottom trend will continue.

Market summary

The bear market bottom is long, low shrinking Yindie innovation . At the beginning of the week in the tentative upside $115 billion level but has not been recognized by the market, then the market shocks all the way large and small cap shrinking Yindie, currencies fell across the board, continuous Yindie under the market to new lows for the year, this is the market for the five consecutive week hit a new low , late insurance keep the $100 billion barrier, poor market sentiment. At the time the report (December 15, 2018), Saturday the global block chain assets total market capitalization of $102 billion 300 million, 109 billion 400 million over the same period last week fell $7 billion 100 million, down 6.5%.

This week the eight exchange total turnover of 202 billion 800 million yuan, 63 billion yuan less than last week, a decline of 23.7%, a decline of 7 percentage points last week to teach less, the market volume for three consecutive weeks atrophy . This week the eight exchange total turnover shock showed a downward trend, from the trading volume structure, trading volume accounted for the top three exchange are Bithumb (33%), BitMEX (32%), OKEX (10%), the third exchange eight exchange trading volume accounted for the total volume of 75%, last week increased by 5 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 107%, compared with last week, down 21 percentage points, the overall market transactions active termination of six weeks of continuous rise . Ten digital asset turnover rate was unilateral downward trend, the turnover of the top three were EOS (281%), LTC (179%), ETC (173%); turnover ranked three were ADA (10%), XRP (20%), BCH (35%). This week except XLM currency exchange rate all decreased, the ETC turnover rate decreased from 298% to 125 percentage points to 173%, the exchange rate fell first, followed by DASH, last week turnover rate dropped 38 percentage points, a decline among the second.

This week BTC exchange balances fell again, down 1.1% from last year, currency exchange records without exception. This week USDT exchange balance continued to decline, down 2.7% last week, has dropped for two consecutive weeks. 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, but the premium level fell slightly last week, the premium rate in 1.5% to 2.5% range. At the same time, USDT OTC premium index also fell below 100, most of the time in the region, negative premium.

This week, bitcoin price volatility index continued to decline, the opening value of 7.55 to 2.9, a decline of 62%, the market amplitude level gradually weakened, but the market is still in the emotional state of panic in the market, the expected short-term shocks bottom trend will continue.

Risk warning

  • The domestic and foreign regulatory policies than expected

Disclaimer

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