Every day I see a bunch of locked warehouses, YAM must lock the network migration, SUSHI must vote to reduce the supply, and Uniswap must open the UNI/ETH LP pool when digging UNI, but it still needs to be locked. Cream launched the CreamY market maker strategy to lock, and Curve voted The dividend plan must be locked, all Cex platform coins must be locked for mining, TRON must be locked for mining the sun, and the sun must be locked for other mining. Every day is locked and locked, and the currency circle has become a game of lockup. One by one with a lock, and finally everyone was locked in the pool. What's more, the madman has also seen a few air coins jointly dig each other, A digs B, B can also be used to dig A, and so on. . This kind of matryoshka play has made the total amount of Defi locked up on the ETH chain hit a new high. Recently, Uniswap has seen the sharpest increase, mainly due to UNI mining, making Uniswap the top of the locked list.
Every day is locked and locked. It seems that only when locked can the price increase, but everyone should know that there are two factors that determine the price of the currency, one is the decrease in supply, the other is the increase in demand, the current currency circle, blindly thinking How to reduce supply, but no one solves the problem of increasing demand, it is difficult to produce good results in the end. The current lock-up has entered a period of aesthetic fatigue. When Defi's lock-up frenzy recedes, where will our pie and Ethereum go? The game of matryoshka always has a beginning and an end, and judging from the current increase in the currency circle, this Ponzi scheme will not last long. We should know how to participate in the bubble at the right time, but also know that before the bubble bursts Retire all over , when the whole people are discussing Defi and focus on these lock-up games, all we need is to get out.
The two-eighth law of the market will always be established, and the lock-up method is coming to an end. When the lock-up bubble bursts, these locked currencies will fall down like mud and sand, ultimately causing heavy losses to investors. What we need to think about now is that when Defi’s lock-up bubble bursts, will the pie and Ethereum rise or fall? Will the funds return to mainstream currency investment, or will they be profitable and wait for the next round of hot spots? Madman has no answer yet. Perhaps the market will eventually give us a new logic, and then tell us where the market will go more sustainably.
Goldman Sachs star hedge fund manager Raoul Pal mentioned that if the Bitcoin ETF can be approved, it will bring billions of dollars to the currency circle, which will cause Bitcoin to rise exponentially. At present, most institutions are learning about Bitcoin. , But there is no good way to participate in the transaction. This view is basically the same as the previous thinking of the madman. The Bitcoin ETF will pass sooner or later, and a large number of receivers are still waiting for us outside the market, taking the Bitcoin in their hands, and waiting for the admission of many American institutions.
ZB has resumed trading, and many old leeks' hanging hearts have fallen. Time is a good thing and will wash out all the rubbish in the industry. In the end, the believer has the world.
Market analysis
- Bitcoin:
Bitcoin is continuing to shrink. It rebounded yesterday. Today’s callback is also infinite. The market has entered a new shock box. Bitcoin will continue to oscillate between 10800-11100 before major events occur.
- ETH:
In the past three trading days, it has no longer shown a strong state, and Defi currently does not see new things that can continue to stimulate the potential of ETH. The currency price rebounded to a pressure level, and there is a certain callback expectation in the short term.
- HT:
The amount can continue to decrease, and the pressure level of 5 US dollars is attacked for the fifth time. The amount of land means that the market is about to change, and the large funds still continue to hold the order. It is recommended to hold it first.
- XRP:
The former CTO is still in the process of cashing out. This buddy sold several million a week before, but recently it started again. This coin is too difficult.
- LINK:
The rebound is weak, and the decline will continue.
- BSV:
The walk is very weak, and there may be a sharp drop at any time, hitting a recent low.
- TRX:
The rebound the day before yesterday cannot change the nature of its weakness, and continuous correction is inevitable.
- DOT:
The amount of callback can be small, near the support level of 4.5, you can wait.
- SNX:
This position has a certain degree of support, and there is little momentum for continued decline and rebound.
- SUSHI:
Successfully rebounded to the pressure level near 2 US dollars, the selling pressure is still not small, and the current sentiment is difficult to continue to rebound.
- UNI:
A sharp correction today, do not buy bottoms for now, and consider when it will stabilize later. The previous wave of rise was a bit confusing. This kind of mining coin would rather chase high than buy the bottom , because in a panic, miners with zero numbers are easy to sell without thinking.
The madman has searched through most popular coins in the market, and they are basically cool. Therefore, it is expected that the market will hardly have a good money-making effect in the future. What we need to pay attention to is that after these popular coins are cool, the market comparison What is the attitude of Tehe Ether, which will affect the market direction in the next month and even the end of the year. This is the most important thing in the near future.