Foresight Ventures Weekly Market Report: The Market Is Unremarkable, The BTC Ecosystem Is Prosperous
Market View:
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1. Macro liquidity
Currency liquidity has tightened. The PCE core price inflation in the United States in January was higher than the previous value, and the probability of raising interest rates by 50 basis points on March 16 increased to 30%. The market expects the Fed to raise rates to 5.5%, slightly higher than the previous 5.4%. The United States may postpone the rate cut until March 24 instead of December 23. The dollar index rose, putting pressure on risky asset prices. U.S. stocks continued to fall, and the encryption market was stronger than U.S. stocks.
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2. The whole market situation
The top 100 gainers by market capitalization:
TRU: Truefi is an unsecured lending agreement in the United States. Borrowing requires a whitelist. The team behind it is Trusttoken, which is the same team as the stable currency TUSD. Binance printed TUSD to destroy BUSD, and the market value of TUSD exceeded FRAX, and it may become the stable currency used by Binance.
AGIX: The new IDO project RJV launched by the leader of artificial intelligence needs to pledge the token AGIX. RJV is a project to study human immortality through AI, and the pharmaceutical leader Pfizer has invested.
3.1 Data on the chain
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3. BTC market
There was little change in BTC holders, with a net increase in on-chain activity. BTC that has been held for more than 6 months is currently in a state of extreme dormancy, and many veterans are still on the sidelines. The rise of BTC NFTs has created a new, and likely long-standing, need for block space.
3.2 Futures Quotes
Market funds continue to leave. The market as a whole is still in the stage of capital stock game. The market value of TUSD has surpassed FRAX to become the fifth largest stable currency. Since BUSD is strongly regulated by the United States, Binance seeks TUSD as a substitute for BUSD.
The long-term trend indicator MVRV-ZScore is based on the total market cost and reflects the overall profitability of the market. When the index is greater than 6, it is the top interval; when the index is less than 2, it is the bottom interval. MVRV fell below the key level 1, and holders are generally in the red. The current indicator is 0.28, out of the green bottom-buying range.
3.2 Futures Quotes
Futures funding rate: This week's rate is positive, indicating that the market is mainly bullish. The fee rate is 0.05-0.1%, and the long leverage is more, which is the short-term top of the market; the fee rate is -0.1-0%, and the short leverage is more, which is the short-term bottom of the market.
This week BTC is still fluctuating in the range of 23000-25000. U.S. inflation exceeded expectations, severely hitting market confidence. BTC failed to attack 25,000 several times, and sought support at 21,500 downwards, but the long-term rebound trend has not been destroyed. But as long as BTC does not fall sharply, it can provide a peaceful market environment, which is conducive to the development of narratives on various tracks.
market data:
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2. TVL ratio of each public chain
3. The lock-up amount of each chain protocol
3. The lock-up amount of each chain protocol
3.1 ETH lock-up volume
3.2 BSC lock-up volume
3.3 Tron lock-up volume
3.3 Tron lock-up volume
3.5 Polygon Lockup Amount
3.6 Arbitrum lock-up volume
3.6 Arbitrum lock-up volume
4. History of ETH Gas fee
4. History of ETH Gas fee
5. Changes in NFT market data
The current on-chain transfer fee is about $0.9, the Uniswap transaction fee is about $8.19, and the Opensea transaction fee is about $3,42. Trend, gas consumption has come to the first place, surpassing uniswap router.
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5. Changes in NFT market data
5.2 Overview of NFT market transactions
5.3 NFT market transactions
The total market value of the NFT market began to rise this week, and the number of sale transactions in the transaction also rebounded significantly. The popularity of Blur continues to rise, and its market share has continued to rise since last week, and it has almost reached the same proportion as Opensea. At the same time, the number of NFT buyers has dropped significantly this week.
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6. The latest financing status of the project
