9.11 Midday market: long and short still have room to work hard.

The article is contributed by the blockchain analysis of Niu Qi, the columnist of Jinse Finance and Economics. The remarks only represent his personal views and are only for learning and communication! Golden Disk will not actively provide any transaction guidance, nor will it charge any fees to guide transactions. Readers are requested to carefully screen and beware of being fooled.

The total lock-up volume of the Ethereum L2 network is US$5.91 billion: According to Jinse Finance, L2BEAT data shows that as of December 7, the total lock-up volume on Ethereum Layer 2 is US$5.91 billion. Among them, Arbitrum, the expansion plan with the highest locked amount, is about USD 2.45 billion, accounting for 41.49%; followed by dYdX, with a locked amount of USD 982 million, accounting for 16.60%; the third is BobaNetwork, with a locked amount of USD 889 million , accounting for 15.03%. [2021/12/7 12:56:20]

Bitcoin ended the first round of decline, started to rebound at $9,800, and is currently oscillating around $10,300. On the daily line, after rushing to the vicinity of the MA83 line yesterday, it encountered resistance, and the volume was large. Some funds were profit-taking, but the OBV did not fall back too much, indicating that there were not many funds fleeing. It has not yet been achieved, and the military still has room to work hard. There are two upper resistances, the first is near the MA83 line, and the second is at $10,700 on the upper edge of the structure.

Data: Bitcoin’s hash rate once reached 179.19 EH/s, a record high: Quantum Economics analyst Jason Deane tweeted that this morning, Bitcoin’s hash rate once reached 179.19 EH/s, in the current upward trend hit a record high. On-chain analyst Willy Woo shared recent BTC outflow data from exchanges, saying that Bitcoin prices may soon rise. Some 11,754 bitcoins worth $438 million were transferred out of exchanges in just one hour this morning, according to data showing rising corporate interest in bitcoin, driven by MicroStrategy and Michael Saylor. The data also showed that the move was driven by long-term investors accumulating long-unsold positions. (CoinGape) [2021/2/5 19:00:16]

BTC broke through the $33,700 mark and fell 9.18% within the day: Huobi Global data shows that BTC has risen in the short term, breaking through the $33,700 mark, and is now trading at $33,712.93, with an intraday drop of 9.18%. The market fluctuates greatly, so please do a good job in risk control. [2021/1/30 14:24:33]

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Author: Niu Qi's Blockchain Analysis Notes

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