6.Market at noon on 14th: There will be actions in the short term, and there is not much time left for the military

The market has not changed much, and Bitcoin continues to fluctuate around $9,400. The MFI before this wave of decline has been deviated from the price, which reminded the risk in time. At present, the daily MFI is slightly turned up, and it is expected to make some moves in the evening; after Bitcoin fell below the daily MA30, it has not stood up for a long time. At present, the MA30 turns downward, which is a very bad signal for the later trend, and it is urgent for the bulls to pull up; the hourly OBV continues to decline, and the upward volume is insufficient at present.

FTX currently only holds 36.14 BTC: According to news on November 9, according to Coinglass data, in the past 24 hours, the number of bitcoins on FTX has decreased by 19,941.64, and the current holdings are only 36.14 BTC; on the other hand, The number of bitcoins on Binance increased by 20,931.70 in the past 24 hours, and the current holdings are 519,007.78 BTC. [2022/11/9 12:36:33]

According to comprehensive observation, the bears are currently dominant, and the time left for the bulls is limited. If there is no pull-up action today and tomorrow, the market will continue to decline. The lower support is 9,280 US dollars, and the upper resistance is 9,641 US dollars.

Algorithmic stablecoins have an average increase of 6.14% today: According to Jinse Finance, the algorithmic stablecoins have an average increase of 6.14% today. Among the 8 currencies, 6 rose and 2 fell, among which the leading currencies were: BAC (+23.53%), LUNA (+17.88%), ONS (+8.44%). The leading currencies are: FRAX (-3.35%), RSR (-1.28%), BAGS (-0.11%). [2021/8/24 22:34:33]

Data: The total lock-up volume of DeFi protocols decreased by 6.1%: According to OKLink data, as of 11:00 today, the total lock-up volume of DeFi protocols on Ethereum was about 28.46 billion US dollars, a month-on-month decrease of 6.1%. Among them, the top three protocols with locked positions are WBTC with USD 4.07 billion (+0.57%), Maker with USD 4.01 billion (-2.3%), and Uniswap V2 with USD 3.04 billion (-2.13%). [2021/1/8 16:42:54]

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Author: Niu Qi's Blockchain Analysis Notes

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DOGE