QKL123 market analysis | The cottage currency is the first counterattack? Need new funds to break (0812)

Abstract: Recently, the BTC rebounded after the downward trend, while the rebound of the altcoin currency was strong. The market risk aversion was slightly relieved, but the amount of energy was insufficient to support the continued upside. The market is likely to continue the shock adjustment and wait for new funds to enter the market in the short term. .

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According to QKL123 statistics, on August 12, 2019, the total market value of the global Token market was 2,096.601 billion yuan, the total market value of 24 hours increased or decreased by +0.76%, the total turnover of 24 hours was 339.985 billion yuan, and the total turnover of 24 hours changed – 12.26%, 24-hour market activity dropped significantly. The market value of BTC accounted for 68.26%, which was slightly lower than the previous few days, and the market risk aversion was still high.

At 12 o'clock, the top ten encrypted assets in the market value (excluding USDT), BCH increased the most in 24 hours (+4.82%), BTC rose by +0.21% in 24 hours, ETH rose by +13.31% in 24 hours, LTC rose in 24 hours + 2.62%, EOS rose by +0.59% in 24 hours. The USDT rose by +0.07% in 24 hours, and the net outflow of funds today was 206.56 million yuan, a significant increase from yesterday (356.202 million yuan).

The Babbitt Composite Index 8BTCCI reported 15563.14 points, with a 24-hour up/down of +0.86%; the alternative.me sentiment index was 48, which was basically the same as yesterday (45), and the market performance changed from fear to neutral. Today's Bitcoin's Google search trend continues to decline from yesterday, to a near seven-day low.

Analyst's point of view: Recently, BTC has made a callback. At the same time, the BTC transaction of various encryption assets has hit a new low in the year. At present, there is a lack of new funds in the market, and it is more likely to continue the shock adjustment in the near future.

First, the spot BTC market

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At 17 o'clock yesterday, BTC continued to go down, the lowest down to $11,110, but then quickly rebounded to $11,360, the amount can gradually decrease, and the possibility of a short-term continuation range is greater. From the daily view, the callback space after the recent surge has decreased.

Fund face

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As of 14:00, BTC's net capital inflow today was 47,786,700 yuan, an increase from yesterday. Among them, the large outflow (greater than or equal to 1 million yuan) net outflow is 5,956,900 yuan, the large single (between 300,000 yuan and 1 million yuan) net inflow is 237,779,600 yuan, and the medium single (between 50,000 and 300,000 yuan) net The inflow of 18,907,700 yuan, the small inflow (less than 50,000 yuan) net inflow of 65.942 million yuan. The market is dominated by large orders and medium-sized positions.

2. Fundamentals

4 Next block reward halved countdown estimate: 262 days

At present, BTC's total network computing power is 74.91EH/s, which is basically the same as yesterday (75.29EH/s), close to the historical high point, and the long-term upward trend has not changed. Yesterday, the number of active addresses on the BTC chain was 547,200, which was lower than the previous day (61.16 million), which was close to a one-month low. Yesterday, the number of coins destroyed was 6.179 million (historically smaller) than the previous day (445.79 million), and the long-term uptrend was not destroyed.

Second, the spot ETH market

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Since the bottom of July 17, ETH has generally fluctuated between $200 and $230. It has stood at $230 twice, but there is no upside support, and it has touched $200 twice. The quantity can support, and the long and short game continues. The ETH/BTC transaction has hit record lows and has rebounded from the previous day's low of 0.0176 BTC. It has rebounded from the highest rebound to 0.0190 BTC. In a short period of time, the amount and amplitude continue to converge, and the possibility of changing the disk is increased.

Fund face

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As of 14:00, ETH's net inflow of funds today was 480,331,600 yuan, an increase from yesterday. Among them, the net inflow of super large single (greater than or equal to 1 million yuan) is 5.137 million yuan, the net inflow of large single (between 300,000 yuan and 1 million yuan) is 16162.33 million yuan, and the net is between 10,000 yuan and 300,000 yuan. The inflow of 776.609 million yuan, the small single (less than 50,000 yuan) net inflow of 235,590,700 yuan. The market is mostly small and large.

2. Fundamentals

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Observing the Midu statistics, the overall activity of the 24-hour ETH DApp increased slightly. Among them, the 24-hour total flow (1,817ETH) of the pledge by DAI increased or decreased by -0.10% compared with yesterday, and the 24-hour total flow of the trading platform IDEX (1,174 ETH) increased or decreased by -0.49% compared with yesterday; the 24-hour active user of the game encryption hero The number (2,350) increased or decreased by +0.34% compared with yesterday; the number of 24-hour transactions (723) of the stable currency Paxos Standard increased or decreased by +1.97% compared with yesterday.

Third, the spot LTC market

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The trend of LTC is similar to that of ETH. After the bottoming, it fluctuates in the range of $80 to $105, and the amount gradually shrinks. The LTC/BTC transaction rebounded after reaching a new low of 0.0070 BTC the day before, and the highest level hit 0.0080 BTC and then continued to shrink.

Fund face

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As of 14:00, the net inflow of LTC funds today was 101.616 million yuan, a significant increase from yesterday. Among them, the net inflow of super large single (greater than or equal to 1 million yuan) is 21,419,300 yuan, the net inflow of large single (between 300,000 yuan and 1 million yuan) is 5,763.96 yuan, and the net outflow of medium single (between 50,000 and 300,000 yuan) The net inflow of small sum (below 50,000 yuan) was 2,724,700 yuan. The market is mostly built with large orders.

2. Fundamentals

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At present, LTC's total network computing power is 442.90 TH/s, which is an increase from yesterday (373.48TH/s), which is close to the low point of two months. Yesterday, the number of active addresses on the LTC chain was 88,500, which was significantly lower than the previous day (27.52 million). The abnormal value of the previous day was because the Litecoin users were subjected to a large-scale dust attack (Dusting attack), and the attacker tried to obtain a large number of transactions. information. Yesterday, the number of LTC coins destroyed (9.5790 million, historically small), compared with the previous day (140.10 billion), the long-term trend has not been destroyed.

Fourth, the spot EOS market

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In a short period of time, EOS continued to fluctuate between $4 and $4.5, with a minimum of $3.8, and went down to $4.3 yesterday. The previous day's EOS/BTC trading pair reached a low of 0.00032 BTC, and the downward volume could tend to shrink.

Fund face

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As of 14:00, the net inflow of EOS funds today was 938.557 million yuan, a significant decrease from yesterday. Among them, the large outflow (greater than or equal to 1 million yuan) net outflow of 246,600 yuan, the large single (between 300,000 yuan and 1 million yuan) net outflow of 24,944,600 yuan, in the single (between 50,000 and 300,000 yuan) net The outflow of 9,604,700 yuan, the small inflow (less than 50,000 yuan) net inflow of 1,286,485,500 yuan. The market has a lot of differences, and most of them are small.

2. Fundamentals

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Looking at the Midu statistics, the overall activity of the 24-hour EOS DApp increased slightly. Among them, the number of 24-hour active users of entertainment game Texas Hold'em (1,236) increased or decreased by +0.82% compared with yesterday, the number of 24-hour active users of entertainment game Trust Dice (1,043) increased or decreased by +0.48% compared with yesterday; 24 of trading platform DEXEOS Total hourly water (129,922 EOS) increased or decreased by +1.27% from yesterday.

V. Analyst strategy

1. Long line (1-3 years)

The long-term trend of BTC is improving. Currently, it is in the short-term partial adjustment stage. The mad cow market may come in the next one to two years. The BTC trading of the intelligent contract platform ETH, the altcoin leader LTC, and the DPoS leader EOS is at the low point of the year, and can be properly configured on the dips to take the opportunity of reversal.

2. Midline (1-3 months)

Short-term shocks adjust the situation, all kinds of encrypted assets linkage, can be bargained on a dip.

3. Short-term (1-3 days)

In a short period of time, the downside space of various types of encryption assets will be reduced, and the positions can be increased on a dip.

14 Note: Encrypted assets are high-risk assets. This document is for decision-making purposes only and does not constitute investment advice.