BTC rebounded from 75,600 on election night to 78,000, but the real leader wasn’t BTC—it was DeFi 🔄
📈 CoinDesk data: The DeFi Select Index rose about 5%, with all 7 constituent tokens in the green. INJ gained 6.2%, followed by ENA; VVV rose 17% in 24 hours, and ZEC gained 12%.
🗳️ After Democrats took Congress, TRUMP coin fell 7.1% and WLFI dropped 5%—political-themed coins got hit first.
📊 Derivatives: ETH open interest rose 4.2%, outpacing its 2.7% price gain, suggesting fresh money is coming in. NEAR rose 7%, but open interest barely moved—this rebound lacks support from new positions.
⚠️ Sentiment remains cautious: the Fear & Greed Index is at 34 (Fear). Friday’s U.S. nonfarm payrolls report is the next variable.
My take: Now that policy uncertainty has played out, funds are flowing back first into DeFi projects with real revenue, rather than political narratives. Key levels: $78,000–79,000 above, and the 50-week moving average around $75,700 below.
Do you think this is the start of a DeFi rotation, or just a short-term rebound? Let’s talk in the comments 👇
$BTC $ETH $INJ
#DeFi #加密市场 #USMidtermElections
Personal opinion only; not investment advice.
📈 CoinDesk data: The DeFi Select Index rose about 5%, with all 7 constituent tokens in the green. INJ gained 6.2%, followed by ENA; VVV rose 17% in 24 hours, and ZEC gained 12%.
🗳️ After Democrats took Congress, TRUMP coin fell 7.1% and WLFI dropped 5%—political-themed coins got hit first.
📊 Derivatives: ETH open interest rose 4.2%, outpacing its 2.7% price gain, suggesting fresh money is coming in. NEAR rose 7%, but open interest barely moved—this rebound lacks support from new positions.
⚠️ Sentiment remains cautious: the Fear & Greed Index is at 34 (Fear). Friday’s U.S. nonfarm payrolls report is the next variable.
My take: Now that policy uncertainty has played out, funds are flowing back first into DeFi projects with real revenue, rather than political narratives. Key levels: $78,000–79,000 above, and the 50-week moving average around $75,700 below.
Do you think this is the start of a DeFi rotation, or just a short-term rebound? Let’s talk in the comments 👇
$BTC $ETH $INJ
#DeFi #加密市场 #USMidtermElections
Personal opinion only; not investment advice.
