Crypto Market Sentiment Research Report (2024.07.19-07.26): Ethereum price fell by more than 7.5%, and ETHE capital outf

Ethereum prhielo drops more than 7.5%, ETHE outflow surges

Data from Coinglass

ETHE is Grayscales Ethereum trust ETF with a fee of 2.5%. The Ethereum spot ETF had an overall net outflow of $133 million on the second day of listing. The culprit was Grayscales ETHE, which caused the sharp drop in Ethereum this week, with ETH falling to as low as around $3,100.

For most investors, the decision comes down to fees. Eight of the nine ETFs have management fees between 0.15% and 0.25%. Grayscale Ethereum Mini Trust (ETH), a new fund created specifically for listing as an ETF, has a management fee of just 0.15%. These fees will be waived completely for the first six months after listing or until the funds assets under management (AUM) reaches $2 billion.

There are about 5 days until the next Fed meeting (2024.08.01)

https://hk.investing.com/economic-calendar/interest-rate-decision-168

Análisis del entorno técnico y de sentimiento del mercado.

Componentes del análisis de sentimiento

Indicadores técnicos

Tendencia de precios

BTC price rose 2.83% in the past week, while ETH price fell -7.33%.

La imagen de arriba es el gráfico de precios de BTC la semana pasada.

La imagen de arriba es el gráfico de precios de ETH la semana pasada.

La tabla muestra la tasa de cambio de precios durante la última semana.

Gráfico de distribución de volumen de precios (soporte y resistencia)

In the past week, BTC rose and then fell back into the concentrated trading area, while ETH fell and formed a new concentrated trading area at a low level.

La imagen de arriba muestra la distribución de las densas áreas comerciales de BTC durante la semana pasada.

La imagen de arriba muestra la distribución de las densas áreas comerciales de ETH durante la semana pasada.

La tabla muestra el rango de negociación intensivo semanal de BTC y ETH durante la semana pasada.

Volumen e interés abierto

The biggest volume this past week was when BTC rose on July 19 and ETH fell on July 25; open interest rose for both BTC and ETH.

La parte superior de la imagen de arriba muestra la tendencia del precio de BTC, el medio muestra el volumen de operaciones, la parte inferior muestra el interés abierto, el azul claro es el promedio de 1 día y el naranja es el promedio de 7 días. El color de la línea K representa el estado actual, el verde significa que el aumento de precios está respaldado por el volumen de operaciones, el rojo significa cerrar posiciones, el amarillo significa acumular posiciones lentamente y el negro significa estado abarrotado.

La parte superior de la imagen de arriba muestra la tendencia del precio de ETH, el medio es el volumen de operaciones, la parte inferior es el interés abierto, el azul claro es el promedio de 1 día y el naranja es el promedio de 7 días. El color de la línea K representa el estado actual, el verde significa que el aumento de precios está respaldado por el volumen de operaciones, el rojo significa que se cierran posiciones, el amarillo se acumula lentamente y el negro está abarrotado.

Volatilidad histórica versus volatilidad implícita

Historical volatility was highest this past week with BTC at 7.23 and ETH at 7.25; implied volatility was up with BTC and down with ETH.

La línea amarilla es la volatilidad histórica, la línea azul es la volatilidad implícita y el punto rojo es su promedio de 7 días.

Evento conducido

There were no major data releases in the past week.

Indicadores de sentimiento

Sentimiento de impulso

In the past week, among Bitcoin/Gold/Nasdaq/Hang Seng Index/CSI 300, Bitcoin was the strongest, while Hang Seng Index performed the worst.

La imagen de arriba muestra la tendencia de diferentes activos durante la semana pasada.

Tasa de préstamo_Sentimiento de préstamo

The average annualized return on USD lending over the past week was 9.2%, and short-term interest rates fell to 6%.

La línea amarilla es el precio más alto de la tasa de interés en USD, la línea azul es 75% del precio más alto y la línea roja es el promedio de 7 días de 75% del precio más alto.

La tabla muestra los rendimientos promedio de las tasas de interés en USD en diferentes días de tenencia en el pasado.

Tasa de financiación_Sentimiento de apalancamiento del contrato

The average annualized return on BTC fees in the past week was 5.3%, and contract leverage sentiment rebounded from a low level.

La línea azul es la tasa de financiación de BTC en Binance y la línea roja es su promedio de 7 días.

La tabla muestra el rendimiento promedio de las tarifas de BTC para diferentes días de tenencia en el pasado.

Correlación del mercado_Sentimiento de consenso

The correlation among the 129 coins selected in the past week was around 0.75, and the consistency between different varieties fell sharply and then rebounded.

In the above picture, the blue line is the price of Bitcoin, and the green line is [1000 floki, 1000 lunc, 1000 pepe, 1000 shib, 100 0x ec, 1inch, aave, ada, agix, algo, ankr, ant, ape, apt, arb, ar, astr, atom, audio, avax, axs, bal, band, bat, bch, bigtime, blur, bnb, btc, celo, cfx, chz, ckb, comp, crv, cvx, cyber, dash, doge, dot, dydx, egld, enj, ens, eos,etc, eth, fet, fil, flow, ftm, fxs, gala, gmt, gmx, grt, hbar, hot, icp, icx , imx, inj, iost, iotx, jasmy, kava, klay, ksm, ldo, link, loom, lpt, lqty, lrc, ltc, luna 2, magic, mana, matic, meme, mina, mkr, near, neo, ocean, one, ont, op, pendle, qnt, qtum, rndr, rose, rune, rvn, sand, sei, sfp, skl, snx , sol, ssv, stg, storj, stx, sui, sushi, sxp, theta, tia, trx, t, uma, uni, vet, waves, wld, woo, xem, xlm, xmr, xrp, xtz, yfi, zec, zen, zil, zrx] overall correlation

Amplitud del mercado_Sentimiento general

Among the 129 coins selected in the past week, 30% of the coins were priced above the 30-day moving average, 10% of the coins were priced above the 30-day moving average relative to BTC, 15% of the coins were more than 20% away from the lowest price in the past 30 days, and 20% of the coins were less than 10% away from the highest price in the past 30 days. The market breadth indicator in the past week showed that most coins in the overall market returned to a downward trend.

The picture above is [bnb, btc, sol, eth, 1000 floki, 1000 lunc, 1000 pepe, 1000 sats, 1000 shib, 100 0x ec, 1inch, aave, ada, agix, ai, algo, alt, ankr, ape, apt, arb, ar, astr, atom, avax, axs, bal, band, bat, bch, bigtime, blur, cake, celo, cfx, chz, ckb, comp, crv, cvx, cyber, dash, doge, dot, dydx, egld, enj, ens, eos,etc, fet, fil, flow, ftm, fxs, gala, gmt, gmx, grt, hbar, hot , icp, icx, idu, imx, inj, iost, iotx, jasmy, jto, jup, kava, klay, ksm, ldo, link, loom, lpt, lqty, lrc, ltc, luna 2, magic, mana, manta, mask, matic, meme, mina, mkr, near, neo, nfp, ocean, one, ont, op, ordi, pendle, pyth, qnt, qtum, rndr, robin, rose, rune, rvn, sand, sei, sfp, skl, snx, ssv, stg, storj, stx, sui, sushi, sxp, theta, tia, trx, t, uma, uni, vet, waves, wif, wld, woo,xai, xem, xlm, xmr, xrp, xtz, yfi, zec, zen, zil, zrx ] 30-day proportion of each width indicator

Resumir

In the past week, the market performance of Bitcoin and Ethereum was different. Bitcoin fluctuated widely within the range, with the trading volume reaching the highest point on July 19 when it rose, the open interest volume increased, the implied volatility increased, and the funding rate rebounded, indicating that market sentiment has warmed up. Ethereum, on the other hand, fell in price after the shock, mainly affected by the outflow of ETHE funds, with the trading volume reaching the highest point on July 25 when it fell, the open interest volume increased, and the implied volatility decreased. The market breadth indicator shows that most cryptocurrencies have returned to a downward trend, indicating that the entire market has been dominated by declines in the past week.

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This article is sourced from the internet: Crypto Market Sentiment Research Report (2024.07.19-07.26): Ethereum price fell by more than 7.5%, and ETHE capital outflow surged

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