GM, #学堂日报 — October 9 Market Snapshot ☀️
1️⃣ Market Overview
▪️ Total crypto market capitalization reached $2.82 trillion, with BTC dominance at 59.1%.
▪️ The Fear and Greed Index stood at 60 (Neutral), as market sentiment cooled slightly.
▪️ BTC, ETH, and BNB fell 1.77%, 3.68%, and 4.81%, respectively, while OGN, RLC, and SECZB rose against the trend.
2️⃣ Binance Updates
▪️ Binance ALPHA Trading Competition is now live. Trade Zest Protocol (ZEST) for a chance to share in the rewards.
▪️ Binance’s New User Carnival will soon launch a USDT flexible savings promotion, offering an additional 30% annualized yield.
▪️ Binance Wallet has launched USDS Hold to Earn, offering up to 3.8% APR.
3️⃣ Industry Highlights
▪️ The Fed’s Beige Book indicates that interest rates may face upward pressure over the next 6 to 9 months.
▪️ Bitcoin price forecasts for October show the probability of BTC falling below $80,000 rising to 86%.
▪️ U.S. BTC ETFs saw net outflows of 5,461 BTC yesterday, while Ethereum ETFs saw net outflows of 47,511 ETH.
▪️ Crypto markets broadly declined, while the RWA sector was a relative outperformer.
▪️ Richard Teng said demand for tokenized stocks and private-market products is strong, but barriers to information flow remain.
4️⃣ Today’s Crypto Lesson: How Do Iceberg Orders Reduce the Market Impact of Large Trades?
💡 An iceberg order is a trading method that splits a large order into multiple smaller ones. Only part of the order is shown to the market at a time, with the rest gradually released as trades are executed.
This approach can reduce the price impact of exposing a large order all at once, minimizing slippage and market disruption. It is commonly used by institutions and large traders, but cannot completely eliminate market impact or the risk of price fluctuations.
Follow @新手学堂天使自治社区 for more updates 🚀
1️⃣ Market Overview
▪️ Total crypto market capitalization reached $2.82 trillion, with BTC dominance at 59.1%.
▪️ The Fear and Greed Index stood at 60 (Neutral), as market sentiment cooled slightly.
▪️ BTC, ETH, and BNB fell 1.77%, 3.68%, and 4.81%, respectively, while OGN, RLC, and SECZB rose against the trend.
2️⃣ Binance Updates
▪️ Binance ALPHA Trading Competition is now live. Trade Zest Protocol (ZEST) for a chance to share in the rewards.
▪️ Binance’s New User Carnival will soon launch a USDT flexible savings promotion, offering an additional 30% annualized yield.
▪️ Binance Wallet has launched USDS Hold to Earn, offering up to 3.8% APR.
3️⃣ Industry Highlights
▪️ The Fed’s Beige Book indicates that interest rates may face upward pressure over the next 6 to 9 months.
▪️ Bitcoin price forecasts for October show the probability of BTC falling below $80,000 rising to 86%.
▪️ U.S. BTC ETFs saw net outflows of 5,461 BTC yesterday, while Ethereum ETFs saw net outflows of 47,511 ETH.
▪️ Crypto markets broadly declined, while the RWA sector was a relative outperformer.
▪️ Richard Teng said demand for tokenized stocks and private-market products is strong, but barriers to information flow remain.
4️⃣ Today’s Crypto Lesson: How Do Iceberg Orders Reduce the Market Impact of Large Trades?
💡 An iceberg order is a trading method that splits a large order into multiple smaller ones. Only part of the order is shown to the market at a time, with the rest gradually released as trades are executed.
This approach can reduce the price impact of exposing a large order all at once, minimizing slippage and market disruption. It is commonly used by institutions and large traders, but cannot completely eliminate market impact or the risk of price fluctuations.
Follow @新手学堂天使自治社区 for more updates 🚀