loexchange

[loexchange]

LOEx Market Research Report on July 3: BTC index will choose direction for wedge-shaped triangle collection

[Hot Tips]  

1. [Marathon mined 265.6 BTC in June and now holds BTC worth about $200 million]

According to globenewswire, Marathon Digital announced that the company mined 265.6 bitcoins in June, bringing its total bitcoin holdings to 5784. Based on the fair value of Bitcoin on July 1st of approximately $34,855, the company currently holds approximately $201.6 million in Bitcoin. As of July 1, the company had mined a total of 846 bitcoins during 2021.

2. [House of Representatives Committee will hold a hearing on CBDC]

According to Jinshi news, the House of Representatives committee will hold a hearing on the central bank digital currency (CBDC).

3. [CME Bitcoin futures and options hit a record high in the second quarter]

According to U.today news, the average daily trading volume of Bitcoin futures and options provided by CME Group in the second quarter of 2021 was 26,575, a historical record. Earlier news, CME Group launched the 0.1 BTC micro-bitcoin futures contract at the end of June to exceed 1 million units at the end of June, indicating that despite large-scale market adjustments, institutional interest still exists.

[Market analysis]

Bitcoin (BTC)BTC began to rise in the afternoon yesterday, and continued to oscillate and rebound to approach 34,000 USDT in the early hours of this morning. BTC is currently trading at 33576 USDT in LOEx, a drop of 0.37% during the day.The long-term trend of BTC is not only about the amount of funds between the long and short sides, but also about the intrinsic value of BTC, and also about the global consensus. In the past half month, BTC has dropped from $41,300 to a minimum of $28,800. On the one hand, the decline has been "remarkably reduced", and on the other hand, the rebound has reached a maximum of half of the decline-resistance to rebound.Therefore, defining the current BTC market as "decreasing decline" is an objective fact that has already happened. If Bitcoin presents its last fall and breaks the stalemate here, it will be a time of rapid bottoming and reversal, so waiting for the final darkness before dawn is not far away. Operation suggestions:Support level: the first support level is 31,000 points, the second support level is 30,000 integers;Resistance level: the first resistance level is 36,000 points, the second resistance level is 38,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEx Market Research Report on July 2: The market is stalemate, it faces a direction choice at the critical point

[Hot Tips]  

1. [Tokenview: A total of 114.9 billion stablecoins printed in the first half of 2021]

According to statistics from Tokenview.com: In the first half of 2021, a total of 74.44 billion stablecoins were printed, of which 114.969 billion were printed and 40.529 billion were destroyed.

2. [The Indian cryptocurrency exchange is looking for a safe, feasible and permanent payment solution]

According to AMBCrypto news, Indian cryptocurrency companies have been struggling to deal with unclear regulations. Now, exchanges are seeking safe, feasible and permanent payment solutions. Currently, Indian banks are still not keen on allowing encrypted transactions. According to ZebPay's co-CEO Avinash Shekhar, the bank's reluctance to conduct business has caused the exchange to delay settlement, so it is even taking the risk of seeking other payment processing options.

3. [The United States urges El Salvador to do everything it can to regulate Bitcoin]

According to Decrypt, Victoria Nuland, a long-time U.S. State Department official and current Deputy Secretary of State in charge of political affairs, recently met with El Salvador’s President Nayib Bukele and urged his government to do everything it can to supervise Bitcoin and avoid any potentially illegal activities related to cryptocurrencies. . Earlier news, the President of El Salvador announced that Bitcoin will become the country's legal tender on September 7.

[Market analysis]Bitcoin (BTC)BTC traded flat and sideways for a long time last night, and began to rebound after falling to 32705 USDT in the early hours of this morning. BTC is currently trading at 33235 USDT on LOEx, a drop of 0.57% within the day.After the market received 3 days of positive line and 3 days of negative line. The market was very stale. The long and short were closed. The idea given in the article yesterday was short-term $34000 and went long as expected. The 4 hours Bollinger Band started to close on its way up, the K line oscillated around the Bollinger Band Middle Track (34890), the KDJ low position began to close upwards, and the MACD shrinkage decreased. Therefore, it is cautious to chase higher at this time. It is recommended to focus on high altitude in the short term, chase more carefully, and strictly prohibit heavy positions. If you want to build a new position, you still have to look at the vicinity of $30000. The market changes rapidly, so don't be greedy. Operation suggestions:Support level: the first support level is 31,000 points, the second support level is 30,000 integers;Resistance level: the first resistance level is 36,000 points, the second resistance level is 38,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEx Market Research Report on June 30: BTC rebounded to $36000 in three days and then fell back

[Hot Tips]  

1. [Flyover Capital Plan to apply for ETH ETF]

Skybridge Capital plans to launch a private ETH fund and apply for an ETH ETF.

2. [Institutional investors are losing interest in Bitcoin]

According to news from Decrypt on June 30, Glassnode, a blockchain analysis company, released a report stating that institutional investors are losing interest in Bitcoin. Glassnode stated that the current trading price of Grayscale Bitcoin Trust (GBTC) continues to be lower than its net asset value (NAV), which means that it is cheaper to buy shares of Grayscale Bitcoin Trust now than to buy Bitcoin itself. The total net flow of Bitcoin ETFs of Purpose and 3iQ has also been reduced, with 8,037 BTC outflowing products last month. In addition, the currency balance of Coinbase, the largest cryptocurrency exchange in the United States, remains stagnant. It can be seen from this that institutional demand still seems to be somewhat sluggish.

3. [Spain considers replacing the euro with a national digital currency]

According to CoinDesk's news on June 30, Spain's governing political body, the Spanish Socialist Party (PSOE), proposed to create a national digital currency to replace the euro.

[Market analysis]Bitcoin (BTC)BTC continued to rise in the early hours of this morning, breaking through 36500 USDT during the intraday session, and then oscillated and fell back. BTC is currently trading at 35750 USDT on LOEx Global, a drop of 1.57% during the day.Mainstream currencies and altcoins resonate, mainstream currencies are steadily rising, altcoins are popular, and the money-making effect begins. Continue to rebound, because the previous decline was too large, the decline was too deep. The currency circle's vitality is badly damaged, and it cannot be solved by a rebound in a few days. At the very least, we must go well on the weekly line.Ethereum is stronger than Bitcoin, but the early decline of Ethereum is much greater than that of Bitcoin, so it is hard to say that it reverses and leads the rise. But I confirmed my previous expectation that Ethereum is better than BTC in the market outlook. Now the market has rebounded and we only look at it in the short-term. If it can’t reach $40,000, it’s hard to say that the market will turn for the better. This is not a position to open a position, just a short-term play. Fast in and fast out. Operation suggestions:Support level: the first support level is 31,000 points, the second support level is 30,000 integers;Resistance level: the first resistance level is 36,000 points, the second resistance level is 38,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEX Operation Weekly(June 21, 2021- June 27, 2021)

Products

1. PC: Optimized the data export in the personal center data column, optimized the balance display of the asset page, fixed the problem of duplicate currencies on the increase list; maintained and upgraded the overseas node server in Kuala Lumpur; and the online coins were tested. (completed)

2. APP: Optimized the handicap display, optimized part of the interactive experience, optimized visual design; fixed the delay of pending orders. (completed)

3. System maintenance, trading systems and wallets are maintained safely by convention; 66 bugs raised by the business side were fixed. (completed)

4. Performance optimization: optimization of data cache and optimization of push mechanism. (completed)

 Operations

This week, LOEx received listing applications from 14 coin parties, and conducted business negotiations with 8 coin parties. It also investigated the background of coin parties, token circulation, coin development progress and other information, and is having further detailed discussions with the project parties that has the intention of cooperation.

Coins launched this week: DERT, REEF, LPT

 Communities

1. This week, Telegram official communication group 1 and communication group 2, and the customer service staffs answered user questions more than 8054 times.

2. This week, WeChat customer service staffs answered user questions more than 8062 times.

3. This week, the Twitter community answered user questions more than 7033 times.

 Overseas business

1. Overseas nodes: A total of 16 overseas partner nodes were contacted, including 8 potential partners nodes and 8 planned partners nodes.

2. Overseas medias: PIVOT, FACEBOOK, TUMBLR

“ LOEX Operation Weekly(June 14, 2021- June 20, 2021)”

 New data

The latest data for the LOEx communities in the past week are as follows:

Telegram users increase by 7943+

Twitter users increase by 7836+

Followers in Feixiaohao increase by 7012+

Ranking in Feixiaohao: 25th

Ranking in MyToken: 25th

[loexchange]

LOEX Operation Weekly(June 14, 2021- June 20, 2021)

Products

1. PC: The transaction K-line volume bar graph is accurately upgraded; the withdrawal and transfer are optimized, compatibility problems are fixed, work orders are optimized, and customer service is optimized; Bangkok overseas node servers are maintained and upgraded; and the online coins were tested. (completed)

2. APP: The risk warning problem has been fixed, the handicap display is optimized, the withdrawal and transfer are optimized, the compatibility problem is fixed, and the work order is optimized. (completed)

3. System maintenance, trading systems and wallets are maintained safely by convention; 43 bugs raised by the business side were fixed. (completed)

4. Performance optimization: optimization of data cache and optimization of push mechanism. (completed)

 Operations

This week, LOEx received listing applications from 16 coin parties, and conducted business negotiations with 10 coin parties. It also investigated the background of coin parties, token circulation, coin development progress and other information, and is having further detailed discussions with the project parties that has the intention of cooperation.

Coins launched this week: THETA、XEM

Activity last week: Coin-holding activity of DPN on LOEx

 Communities

1. This week, Telegram official communication group 1 and communication group 2, and the customer service staffs answered user questions more than 7833 times.

2. This week, WeChat customer service staffs answered user questions more than 8452 times.

3. This week, the Twitter community answered user questions more than 6985 times.

 Overseas business

1. Overseas nodes: A total of 14 overseas partner nodes were contacted, including 9 potential partners nodes and 5 planned partners nodes.

2. Overseas medias: PIVOT, FACEBOOK, TUMBLR

“ LOEX Operation Weekly(June 7, 2021- June 13, 2021)”

 New data

The latest data for the LOEx communities in the past week are as follows:

Telegram users increase by 8432+

Twitter users increase by 7398+

Followers in Feixiaohao increase by 6932+

Ranking in Feixiaohao: 26th

Ranking in MyToken: 25th

[loexchange]

LOEx Market Research Report on June 19: BTC rose and fell, $35,000 support is in sight

[Hot Tips]  

1. [Portugal granted an operating license to a crypto exchange for the first time]

According to CoinDesk's news on June 19, Banco de Portugal licensed two cryptocurrency exchanges for the first time. In an official statement, Banco de Portugal announced the recognition of Criptoloja and Mind the Coin as "virtual asset service providers." This is the first time the exchange has obtained operating permits since the new law on cryptocurrency trading platforms took effect earlier this year.

2. [Vitalik Buterin: Compared with the ideal Merkle tree, the Verkle tree can reduce the proof size by 6-8 times]

Vitalik Buterin published an article today explaining the Verkle tree. The article stated that Verkle trees are becoming an important part of ETH's upcoming expansion and upgrade. The key feature provided by Verkle trees is that they are more efficient in terms of proof size. If a tree contains one billion pieces of data, the proof in the traditional binary Merkle tree will require about 1 kilobyte, but the proof in the Verkle tree will require less than 150 bytes. This reduction is sufficient to make stateless clients finally feasible in practice.

3. [Fed Kashkari: The Fed's benchmark short-term interest rate should remain unchanged at least until 2023]

According to JIN10 news, the Fed Kashkari stated that the Fed’s benchmark short-term interest rate should remain unchanged until at least 2023.

[Market analysis]

Bitcoin (BTC)BTC began to pull back late last night. After falling to 35123 USDT in the early morning, it stopped falling and stabilized and began to oscillate. BTC is currently trading at 35620 USDT on LOEx Global, a drop of 2.00% during the day.The news of Sichuan's mine clearance is clear. Strictly implement national policies and shut down Bitcoin mining farms within a time limit.El Salvador requested the International Monetary Fund that for the time being, Bitcoin is still unable to act as a legal currency to replace USD.Hackers ransacked the Binance Smart Chain, and the stablecoins have returned to zero. The innovations based on these ETH smart contracts continue to cause problems. There are many bad news. Western institutions have Musk starting to wait and see, and the United States and other countries have begun to supervise. All the bad news is about to materialize. Facing the last drop of BTC, we are imminent. At present, the market has risen and fallen. The last drop has already begun. We don’t have to guess where it can fall. In your personal eyes, you should have a plan for the ideal point of bargaining. When this threshold is reached, the more you fall, the more you buy, which is the execution of the plan. Don't think about buying at the lowest point. That's what the gods do. As a small retail investor, we just need to operate as planned. Operation suggestions:Support level: the first support level is 32,000 points, the second support level is 30,000 integers;Resistance level: the first resistance level is 36,000 points, the second resistance level is 38,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEx Market Research Report on June 18: The BTC trend is difficult to reverse due to game of stock funds

[Hot Tips]  

1. [Vitalik Buterin releases the detailed plan of "Verkle Tree and State Expiration", and "State Expiration" replaces a single Verkle Tree with a list of "Verkle Tree".]

Vitalik Buterin tweeted that some more detailed plans (including the original EIPs) were written for the Verkle tree and state expiration. Verkle tree: Introduce a new Verkle state tree beside the existing hexary Patricia tree. After the hard fork, the Verkle tree stores all edits to the state and a copy of all access states, and the hexary Patricia tree can no longer be modified. This is the first step towards a multi-stage transition to ETH that completely relies on the Verkle tree to store the execution state.

2. [Today's panic and greed index is 25, the level turned to extreme panic]

Today's panic and greed index is 25 (yesterday was 26), the degree of panic has increased, and the level has changed to extreme panic. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin in the entire market proportion (10%) + Google hot word analysis (10%).

3. [The net outflow of BTC funds in the past 10 hours exceeded $553 million]

As of today's 10 o'clock, the top three net capital inflows are: ETH (+$57,751,900), THETA (+$6.7163 million), NU (+$5.5422 million); the top three net capital outflows are: BTC (-$553 million) ), DOT (-$53.963 million), LINK (-$317281 million).

 [Market analysis]

 Bitcoin (BTC)BTC began to pull back last night, and rebounded slightly after falling below 37500 USDT in the early morning. BTC is currently trading at 37840 USDT on LOEx Global, a daily drop of 3.00%.I said that the trend has reversed downwards, and the power of the trend is irreversible. I have explained the main trend of the market, the philosophical logic of the price and the trend one by one. In the face of mainstream market trends, the mainstream capital market tends to hedge, so why do we stick to this stage? At the beginning, I asked everyone to lighten their positions every rebound. When the bulls are optimistic about the trend above $40000, they have not yet reached the freezing point, so I firmly let everyone lighten up their positions, because the trend is irreversible and only reach the freezing point will be reversed. The problem of directionality is the real strategic problem. Directional issues are the real strategic issues. We must be vaguely correct, not precise errors.For the mid-line, continue to insist on watching more and less moving, and wait patiently for opportunities. Of course, it may take a long time. The mid-line continues to fluctuate in the range of $35000 as the central axis, $30000 as the bottom, and $40000 as the high point. Before the market has no big variables, the consensus in this range will still be strong. The probability of falling below $30000 is not unavailable. The so-called not breaking or standing, breaking the integer barrier means that when you open a low position, you dare to be greedy when others panic to the extreme. Operation suggestions:Support level: the first support level is 36,000 points, the second support level is 32,000 integers;Resistance level: the first resistance level is 38,000 points, the second resistance level is 40,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEx Market Research Report on June 17: The Fed not raise rates,  the subject coin rebounded

[Hot Tips]  

1. [Republican House of Representatives campaign agency will accept cryptocurrency donations]

According to JIN10, the AXIOS website shows that the Republican House of Representatives campaign agency will accept cryptocurrency donations.

2. [SEC postponed its decision on Vaneck Bitcoin ETF]

The SEC stated that it is seeking more opinions on BTC ETF of Vaneck and therefore postponed its decision on BTC ETF of Vaneck.

3. [Fed discusses interest rates]

The Fed will keep the benchmark interest rate unchanged at 0%-0.25%, and seven Fed officials expect to raise interest rates before the end of 2022.

 [Market analysis]

 Bitcoin (BTC)BTC began to pull back last night, and oscillated at 38600 USDT in the early morning. BTC is currently trading at 38768 USDT on LOEx Global, a decrease of 0.03% during the day.Inflation is not out of control, and the Fed does not raise interest rates. Specifically, vaccines are progressing and the epidemic is under control, but economic expectations are still poor. The Fed reiterated the goal of monetary policy to maximize employment on the basis of a long-term anchor of 2% inflation.From a technical point of view, the market was a normal adjustment last night. The news is waiting for news from the Fed in the middle of the night, even if it implies that interest rate hikes may bring tightening panic. However, after the news of no interest rate hike came out, BTC did not rise, indicating that BTC has nothing to do with the macro aspect. It is completely the trend has reversed. If there is no incremental entry, it will be difficult to turn the tide, except for other currencies except BTC. With the positive news, there are gains. In fact, the market is back to the market. After careful study, there are still hot spots that can be followed every day. These two days of rebound, the highest concern is oversold, high-quality coins, new concepts, and a fast rebound! Operation suggestions:Support level: the first support level is 38,000 points, the second support level is 35,000 integers;Resistance level: the first resistance level is 41,000 points, the second resistance level is 43,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEx Market Research Report on June 16: BTC rebound hard, $40000 stability difficulty

[Hot Tips]  

1. [Co-founder of Coinbase: Encryption will create more jobs than the Internet]

Fred Ehrsam, the co-founder of Coinbase, said on Bloomberg that the field of encryption is expected to become another Internet-level market, which will create more jobs than the Internet and greatly promote economic growth. At the same time, the encryption field is also expected to solve the privacy issues faced by today's technology giants. He believes that the United States is currently at a critical crossroads and needs to make correct decisions.

2. [El Salvador discusses whether to use BTC to pay wages]

The government of El Salvador is discussing whether companies should pay wages in BTC.

3. [Survey: 98% of hedge funds plan to invest in cryptocurrencies in 2026]

According to news from The Block on June 16, a survey by Dutch Trust and Intertrust Group found that by 2026, 98% of hedge funds will have some kind of crypto risk exposure. The survey interviewed 100 hedge fund executives.

 [Market analysis]

Bitcoin (BTC)BTC had a stable trend last night, after rushing up to 41,000 USDT in the early morning, it fell back slightly. BTC is currently trading at 40042 USDT on LOEx Global, a drop of 0.02% within the day.The rebound of BTC is difficult, and $40,000 is difficult to maintain stability. Countries around the world have different attitudes towards Bitcoin. Those who support it are treated as legal currencies, and those who don’t support it are dismissive. If it is in a bear market, there may not be any waves. The bull market is a little bit turbulent, and the price fluctuates up and down. In late May, the currency market fell below the defensive line, and the market hovered between the bulls and the bears. In the second half of the year, the market is not optimistic. It is already a bull tail. The mainstream of this bull market has risen more than ten or twenty times, and a profit is required to pay more than a dozen. In the atmosphere of a bull market, we may not be able to see anything. The longer the bulls go, the harder they will feel, and the market has a game of funds. Withdrawal of funds will return to bargain-hunting when they fall. Therefore, it rebounds after falling again and again, giving people the feeling that the bull market has been going on. In the second half of the year, the market is bullish and not bullish. At least, if the principal is taken out, there is a chance to sell high and buy low. Operation suggestions:Support level: the first support level is 38,000 points, the second support level is 35,000 integers;Resistance level: the first resistance level is 41,000 points, the second resistance level is 43,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEX Operation Weekly(June 7, 2021- June 13, 2021)

In order to better communicate with users and allow users to quickly and easily access platform dynamics, we have specially set up an “Operation Weekly” column: summing up the hot spots of the platform last week, allowing you to quickly understand the recent platform information in a short period of time, presenting the most authentic and transparent LOEx to you.

Products 1. PC: The latest version of v4.0.6 was released on June 9; newly added discount subscription background management configuration, repaired fiat order appeal and optimized cancellation of orders, optimized the asset search; the overseas node server in Moscow performed maintenance and upgrade; and the online coins were tested. (completed) 2. APP: The latest version of v4.0.6 was released on June 9 (APP iOS has not yet been released); newly added discount subscription activities, repaired fiat order appeal and optimized cancellation of orders, optimized the asset search;(completed) 3. System maintenance, trading systems and wallets are maintained safely by convention; 56 bugs raised by the business side were fixed. (completed) 4. Performance optimization: optimization of data cache and optimization of push mechanism. (completed)

Operations This week, LOEx received listing applications from 15 coin parties, and conducted business negotiations with 11 coin parties. It also investigated the background of coin parties, token circulation, coin development progress and other information, and is having further detailed discussions with the project parties that has the intention of cooperation. Coins launched this week: DHD, DPN, PERP, AXS

Communities 1. This week, Telegram official communication group 1 and communication group 2, and the customer service staffs answered user questions more than 7033 times. 2. This week, WeChat customer service staffs answered user questions more than 7303 times. 3. This week, the Twitter community answered user questions more than 8046 times.

Overseas business 1. Overseas nodes: A total of 16 overseas partner nodes were contacted, including 8 potential partners nodes and 8 planned partners nodes. 2. Overseas medias: PIVOT, FACEBOOK, TUMBLR “ LOEX Operation Weekly(May 31, 2021- June 6, 2021)”

New data The latest data for the LOEx communities in the past week are as follows: Telegram users increase by 7693+ Twitter users increase by 8145+ Followers in Feixiaohao increase by 7045+ Ranking in Feixiaohao: 26th Ranking in MyToken: 28th

[loexchange]

LOEx Market Research Report on June 9: BTC contracted and then rebounded after declining

[Hot Tips]  

1. [The US Senate passed a new act, focusing on 10 key technical areas such as blockchain]

According to CoinDesk, the US Senate passed the "Endless Frontier Act" on Tuesday night. This is a bipartisan act aimed at responding to China's recent initiatives in the technical field by creating a new technology council with blockchain as the main focus. The bill was initiated by Schumer, the majority leader of the Senate (New York State Democrats) and passed by a vote of 68 to 32. It will focus on 10 "key technical focus areas" including distributed ledger technology and network security.

2. [Since BTC fell below $40,000, BTC Whale has accumulated over $2 billion in BTC]

According to Cryptoglobe, since the BTC price fell below $40,000 last month, the BTC Whale has been buying BTC and has accumulated nearly $2 billion so far. According to data from the cryptocurrency analysis company, Santiment, BTC whales with 100 to 10,000 BTC in their wallet began to increase their holdings after the price of BTC reached $37000, bringing the price of BTC back to $39,000.

3. [MicroStrategy increases Bitcoin-related junk bond transactions to $500 million]

According to JIN10: MicroStrategy pushed Bitcoin-related junk bond transactions to $500 million.

 [Market analysis]

 Bitcoin (BTC)BTC rose to 33844 USDT and then fell back to around 32600 USDT. BTC is currently trading at 32754 USDT on LOEx Global, an intraday increase of 3.40%.BTC broke several technical graphics here. Breaking $33000 triggered a superimposed risk-off selling. Those who are short-sighted are as low as $20,000. More short-term coin speculators panic, and even expect to see Bitcoin fall to more than $10,000. In fact, the more such remarks, the closer to the bottom. We don't need to guess where it is, but when others panic, we have to pay attention to greed, and when most people are short-term, we have to make in long. At present, there are still a lot of long-term currency circles. Everyone thinks that they have fallen to this position. It is almost time to rise. After going up and fighting, everyone did not expect to still go down. In the past 24 hours, the position was $770 million. The entire network broke out about 5 billion RMB. We should just look at the timing according to the market rules, and we must only make money within our own knowledge. Operation suggestions:Support level: the first support level is 30,000 points, the second support level is 28,000 integers;Resistance level: the first resistance level is 35,000 points, the second resistance level is 38,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEx Market Research Report on June 8: BTC continues to fall

[Hot Tips]  

1. [Purpose ETF increased its holdings of 101 BTC and 574 ETH]

According to OKLink data, as of today at 10 o'clock, the number of BTC held by Purpose Bitcoin ETF is 19,508.63, and the new position is 101 BTC; the number of ETH held by Purpose Ether ETF is 54520.94, and the new position is 574.85 ETH.

2. [The net outflow of BTC funds in the past 10 hours exceeded $627 million]

As of 10 o’clock today, the top three net capital inflows are: USDC (+$3,380,700), TFUEL (+$2,654,300), LRC (+$851.4 million); the top three net capital outflows are: BTC (-$627 million), ETH (-$614 million), DOT (-$108 million).

3. [Data: The total market value of stablecoins has surged by more than 8 times in one year, and the proportion of USDC has risen from 6.6% to 22%]

According to official sources, the data collected by The Block shows that the total market value of stablecoins has surged by more than 8 times in the past year. As of June 6, it was $105.17 billion. A year ago, the value was only $11.2 billion. In addition, the share of market value to USDT has dropped from 86% a year ago to around 61% at present, and USDC has risen from 6.6% a year ago to around 22% at present.

 [Market analysis]

 Bitcoin (BTC)BTC continued to fall in the early morning, once fell to 33500 USDT, recovered to around 34000 USDT and then fell all the way. BTC is currently trading at 32828 USDT on LOEx Global, an intraday drop of 8.80%.Now that the downtrend of BTC has been determined, let’s make an emotional slump, and “the longs will not die and the shorts will not stop”. The previous analysis has been very accurate, and the technical indicators have completely failed. In addition to the emotional analysis, we can also rely on the data. The decrease in transaction activities has caused the total transfer volume (in USD) of Bitcoin network settlement to drop by 65%. The value of transfers on Ethereum fell by 60%. In 2017, the total transfer volume of Bitcoin fell by 80%. In 2018, Ethereum fell by 95%. Currently, the decline in the total transfer volume of BTC and ETH networks ranks second. For some people, on-chain activities paint a grim picture, so we must be wary of the second round of market declines. Operation suggestions:Support level: the first support level is 30,000 points, the second support level is 28,000 integers;Resistance level: the first resistance level is 35,000 points, the second resistance level is 38,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEX Operation Weekly(May 31, 2021- June 6, 2021)

Products

1. The PC-side scan code login process is optimized; handicap trading shows more data; the personal center registration invitation is optimized; the overseas node servers in Seoul and Singapore are maintained and upgraded, and the online coins were tested. (completed)

2. The APP-side scan code login process is optimized, the handicap trading shows more data, and the personal center registration invitation is optimized. (completed)

3. System maintenance, trading systems and wallets are maintained safely by convention; 70 bugs raised by the business side were fixed. (completed)

4. Performance optimization: optimization of data cache and optimization of push mechanism. (completed)

 Operations

This week, LOEx received listing applications from 20 coin parties, and conducted business negotiations with 14 coin parties. It also investigated the background of coin parties, token circulation, coin development progress and other information, and is having further detailed discussions with the project parties that has the intention of cooperation.

Coins launched this week: POLS, OGN

Activity last week: BRKT candy airdrop activity

 Communities

1. This week, Telegram official communication group 1 and communication group 2, and the customer service staffs answered user questions more than 6846 times.

2. This week, WeChat customer service staffs answered user questions more than 6451 times.

3. This week, the Twitter community answered user questions more than 7046 times.

 Overseas business

1. Overseas nodes: A total of 16 overseas partner nodes were contacted, including 8 potential partners nodes and 8 planned partners nodes.

2. Overseas medias: PIVOT, FACEBOOK, TUMBLR

“ LOEX Operation Weekly(May 24, 2021- May 30, 2021)”

 New data

The latest data for the LOEx communities in the past week are as follows:

Telegram users increase by 7063+

Twitter users increase by 8034+

Followers in Feixiaohao increase by 6945+

Ranking in Feixiaohao: 24th

Ranking in MyToken: 27th

[loexchange]

LOEx Market Research Report on June 3: The bad news of BTC suppress the panic disk and overflowed

[Hot Tips]  

1. [Philips will accept BTC or ETH payment at the Banksy auction]

According to Cryptopotato news, Philips will auction a world-renowned art work called "Laugh Now Panel A" created by anonymous street artist Banksy. Jonathan Crockett, Chairman of Philips Asia, said that the auction will accept BTC or ETH as a means of payment.

2. [Broken oil breaks through $71.38, a new high since January 2020]

The market showed that Brent crude oil futures broke through the previous high of $71.38 per barrel, a new high since January 2020.

3. [The Biden administration is increasing its analysis of cryptocurrencies]

Psaki, a spokesperson for the White House press, said that the Biden administration is increasing its analysis of cryptocurrencies.

 [Market analysis]Bitcoin (BTC)BTC fluctuated around 37600 USDT. BTC is currently trading at 37343 USDT on LOEx Global, a daily drop of 1.80%.According to data from Coingecko, the price of BTC has fallen below US$35,000 since May 30, and it is still near here, with a 30-day drop of 34.6%. Not only that, but the total market value of cryptocurrencies has shrunk to around $1.5 trillion. Everyone knew, on May 8 not long ago, the indicator figure broke through $2.5 trillion for the first time and hit a record high, which means that in just two weeks, the cryptocurrency market evaporated $1 trillion, and the speed changed. The speed is astonishing. Now the bad news followed another bad news. There are two main targets to be hit this time, one is Bitcoin mining and the other is Bitcoin regulation. Generally speaking, it is good when the negative is over. In fact, we can see from some indicator data that after the introduction of the regulatory policy, it will take some time to transition to digest, so there is still some distance from the bottom of the stable period. But don’t forget that you have to be greedy when everyone panics. Operation suggestions:Support level: the first support level is 36,000 points, the second support level is 33,000 integers;Resistance level: the first resistance level is 38,000 points, the second resistance level is 40,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEx Market Research Report on June 2: BTC retained funds in interval to game

[Hot Tips]  

1. [Data: The total transaction volume on the ETH chain in May reached $1.07 trillion, a record high]

The Block Research data shows that multiple indicators set records in May. ETH surpassed Bitcoin in terms of adjusted on-chain transaction volume and miner income. The adjusted on-chain transaction volume increased by 35.4%, reaching a record high of $1.07 trillion. Spot trading volume on centralized exchanges increased by 38%, reaching a record high of $2.18 trillion.

2. [JPMorgan Chase Strategist: Institutional demand weakened or BTC lowered to below $30,000]

According to Cointelegraph, Nikolaos Panigirtzoglou, a strategist at JP Morgan, wrote in the latest research report to clients that weaker institutional demand may lower the price of Bitcoin below $30,000. Based on the volatility of Bitcoin and gold, the JPMorgan Chase analyst predicts that Bitcoin will continue to fluctuate between $24,000 and $36,000 in the medium term.

3. [Daymak, a Canadian light electric vehicle manufacturer, will launch an electric vehicle that can mine Bitcoin and Dogecoin]

According to U.today's news on June 2, Daymak, a Canadian light electric vehicle manufacturer, announced that its upcoming futuristic car, Spiritus, will be able to mine Bitcoin and Dogecoin while parking. The model will accept booking payments in multiple cryptocurrencies, including ADA. The crowdfunding campaign for this car was launched in March and has now raised more than $350 million. Daymak's patent-pending cryptocurrency infrastructure will be integrated into the user interface of the car. In addition to becoming the first electric car that wants to join crypto mining, the feature-rich Daymak Spiritus also aspires to be the fastest tricycle in the world. The first delivery of this model is expected to begin in 2023.

 [Market analysis]Bitcoin (BTC)BTC fell to 35719.9 USDT in the early morning, and then fluctuated upward to around 36500 USDT. BTC is currently trading at 36323 USDT on LOEx Global, an intraday increase of 0.30%.The market is in a stalemate. No matter at home or abroad, the sound of bullishness and bearishness are equal. As a result, the bullishness people believe that the bull market is not over, and the bearishness people believe that the bear market has arrived. The so-called bull market and bear market are actually just a subjective perception. Awareness changes with the dynamic evolution of the market, and tends to a consensus with the passage of time and the clarity of the situation. The so-called longs are not dead, so from the perspective of current sentiment, since the market has fallen, there will be a sign of a reversal when the market has fallen to the freezing point. No one will look at the freezing point for a long time, so here the longs are equal to the shorts. Then let's wait for another round. Operation suggestions:Support level: the first support level is 36,000 points, the second support level is 33,000 integers;Resistance level: the first resistance level is 38,000 points, the second resistance level is 40,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEx Market Research Report on June 1: BTC oscillates in the interval to build a platform

[Hot Tips]  

1. [G7 Finance Minister said CBDC can be used as a payment pillar]

The G7 finance ministers said central bank digital currencies could serve as a pillar for secure settlement of assets and payment systems.

2. [The net inflow of BTC funds in the past 10 hours exceeded $259 million]

As of today's 10 o'clock, the top three net capital inflows are: BTC (+$259 million), DOGE (+$74,620,200), ETH (+$6754.34 million); the top three net capital outflows are: SOL (-$4,136,900), BSV (-$3.40.99 million), FIL (-3.3837 million).

3. [Mt. Gox Online Rehabilitation Claim System Launches Voting Function]

On May 31, the closed Japanese cryptocurrency exchange, Mt. Gox, issued an announcement stating that the online rehabilitation claims system will have a voting function. The deadline for online voting is October 8, 2021. It is reported that Mt.Gox was once the largest Bitcoin exchange in the world. It was closed due to theft in 2014 and filed for bankruptcy protection. Creditors have been waiting for payment for many years. After receiving multiple extensions, Mt. Gox's bankruptcy trustee, Nobuaki Kobayashi, submitted a draft rehabilitation plan to the Tokyo District Court on December 15, 2020. The revised version was submitted on February 15 this year.

 [Market analysis]

Bitcoin (BTC)BTC continued to rise rapidly in the afternoon, breaking through 37000 USDT in one fell swoop, and then fell back slightly to start sideways shocks. ETH also recovered the 2600 USDT mark, and BTC is now trading at 37106 USDT on LOEx Global, a drop of 0.34% within the day.In May, it dropped by nearly 38%, setting a historical record for a single-month decline since 2013. Bitcoin built a platform in the range of 35,000 USDT to 40,000 USDT. The so-called unbreakable and unreliable platform does not mean that it is the bottom of this wave of decline.Some friends entered the market at the beginning of this round of midfield, continued to invest in the rise, and continued to increase their positions in the crash, and found that they were floating losses. After all, the current price level is more than 10,000 USDT lower than the 50,000 USDT at the beginning of the midfield. So many people are not calm in their hearts, especially when they see how the market has not improved. At this time, many people will wonder whether it is better to start investing in a hurry, or to buy bottoms when the situation becomes clear. No one can buy at the lowest level. All we can do is to reach our inner bottom range and buy more and more. Operation suggestions:Support level: the first support level is 36,000 points, the second support level is 33,000 integers;Resistance level: the first resistance level is 38,000 points, the second resistance level is 40,000 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Monetary Authority of Singapore (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.

[loexchange]

LOEX Operation Weekly(MAY 24, 2021- MAY 30, 2021)

Products

1. PC: Batch transfer has been optimized, the list of fiat ads has been optimized, the mainnet switch of withdrawal has been optimized, and the pending order delay has been fixed; the overseas node server in Kuala Lumpur has been maintained and upgraded, and the online coins were tested. (completed)

2. APP: All ports of the latest version of V4.04.2 have been updated, APP risk warning problem has been fixed, shib withdrawal button cannot be clicked problem has been fixed, feedback cannot upload picture problem has been fixed. (completed)System maintenance, trading systems and wallets are maintained safely by convention; 53 bugs raised by the business side were fixed. (completed)

3.Performance optimization: optimization of data cache and optimization of push mechanism. (completed)

 Operations

This week, LOEx received listing applications from 20 coin parties, and conducted business negotiations with 12 coin parties. It also investigated the background of coin parties, token circulation, coin development progress and other information, and is having further detailed discussions with the project parties that has the intention of cooperation.

Coins launched this week: AVAX.,ANKR,SRM,HF

 Communities

1. This week, Telegram official communication group 1 and communication group 2, and the customer service staffs answered user questions more than7034 times.

2. This week, WeChat customer service staffs answered user questions more than 7827 times.

3. This week, the Twitter community answered user questions more than 6932 times.

 Overseas business

1. Overseas nodes: A total of 15 overseas partner nodes were contacted, including 6 potential partners nodes and 9 planned partners nodes.

2. Overseas medias: PIVOT, FACEBOOK, TUMBLR

《LOEX Operation Weekly(May17, 2021- May 23, 2021)》”

 New data

The latest data for the LOEx communities in the past week are as follows:

Telegram users increase by 6838+

Twitter users increase by 7456+

Followers in Feixiaohao increase by 8064+

Ranking in Feixiaohao: 24th

Ranking in MyToken: 26th