AvatarDAO Daily News 11.17

AvatarDAO · 2022-11-17T09:58:12.000Z

BTCÐ Technical Analysis The market has fallen as expected, and the popular football coins have generally reached pressure levels. At present, the market has not fallen to the level, so be cautious in buying bottoms, and continue to pay attention to the hot football coins Fancoin in the future. Market leverage ratio high and low indicator Because derivatives trading plays an important role in the crypto market, the level of market leverage will have a relatively large impact on market structure and trends. If the following three indicators resonate in the same direction of long and short, the prediction accuracy will be greater. It is for reference only and cannot be used as an indicator for short-term contract trading.

BTCÐ Technical Analysis
The market fell as expected, and hot football coins generally reached the pressure level. At present, the market has not fallen to the right level, so be cautious in bottom fishing and continue to pay attention to hot football coins and fan coins.
Market leverage ratio indicator
Because derivatives trading in the crypto market occupies an important influence, the level of market leverage will have a relatively large impact on the market structure and trends.
If the following three indicators resonate in the same direction of long and short, the prediction accuracy will be greater. They are for reference only and cannot be used as indicators for short-term contract trading.
1. BTC contract holdings of all exchanges
On November 17, the total BTC contract holdings of all exchanges were 589,800 BTC, totaling US$9.762 billion, with a 24-hour change of 0.75%.
2. Binance BTCUSDT perpetual contract long and short position ratio
This indicator counts the proportion of net long and short accounts of all holding users, and records each account once.
On November 17, the long-short ratio of Binance BTCUSDT perpetual contract was 2.15.
3. Binance BTCUSDT perpetual contract number of large accounts and long-short ratio
This indicator counts the proportion of net long and short accounts held by large position holders. Large position holders refer to users with the top 20% of margin balance. Each account is recorded once.
On November 17, the long-short ratio of large accounts of Binance BTCUSDT perpetual contract was 2.16.
4. Bitfinex BTC leverage long and short positions
On November 17, Bitfinex BTC leveraged long positions were 105,942 BTC, and BTC leveraged short positions were 7,914 BTC.
Track Index Tracking
Track Index Tracking-NFT
24-hour trading volume of major markets, reminders of key projects of the day
NFT market hot spots:
1. As of 00:00 Beijing time on November 17, the daily transaction volume on the ETH chain of the NFT trading platform OpenSea was $7.68m.
2. Chainlink announced that its NFT floor price feed service is now available on Ethereum.
3. NFT project World of Women: Operations were not affected by the FTX incident, and funds were stored in multiple locations.
4.adidas Originals launches NFT wearable series Virtual Gear.
5. The head of Uniswap NFT products hinted at Uniswap’s collaboration with Pudgy Penguins in a tweet.
6. The public chain Sei Network will release Sei NFT, and eligible users can participate in the minting.
Track Index Tracking-Gamefi
Important information, daily activity, and on-chain data dynamics
1.Element Black completed a US$6 million financing, with Central Research Capital and others participating in the investment.
Track Index Tracking-DeFi
1.Total Stablecoins Market Cap
According to Defi Llama data, as of November 17, the total market value of stablecoins was US$144.65 billion.
2.ETH Burning Data
According to etherchain.org data, as of 15:00 on November 17, more than 2.734 million ETH have been destroyed, with a destruction rate of approximately 1.17 E/TH/minute.