Bitget Research Institute: US government on-chain BTC transfers triggered market panic, risk aversion intensified before

In the past 24 hours, many new popular currencies and topics have appeared in the market, which may be the next opportunity to make money, including:

• The sectors with relatively strong wealth creation effects are: Bitget Ecosystem (BGB), POW sector, BTC Ecosystem

• The most searched tokens and topics by users are: Layer 3, Compound, Tapswap

• ศักยภาพ AIrdrop opportunities include: Symbiotic, Usual

Data statistics time: July 30, 2024 4: 00 (UTC + 0)

1. สภาพแวดล้อมของตลาด

In the past 24 hours, the crypto market continued to rise under the leadership of BTC. After BTC briefly touched 70,000 US dollars, it began to fall and pull back. Currently, BTC fluctuates around 66,500 US dollars. Other crypto assets such as ETH and SOL rose first and then fell, and the opportunities for intraday trading are relatively obvious. The DEX trading heat on SOL is significantly better than ETH, which is the main reason for the continuous rise of the SOL/ETH exchange rate.

On the news front, the US government transferred more than $2 billion of BTC on the chain yesterday, of which 10,000 were deposited in institutional custody servน้ำแข็งs. After the on-chain transfer, the market began to fall in risk aversion, which was the direct cause of BTCs decline after touching 70,000 points. This week, 5 of the 7 major US technology companies released financial reports, and there were important events such as the Federal Reserves interest rate meeting. The market may have early risk aversion demand.

2. Wealth-creating sector

1) Sector changes: Bitget Ecosystem (BGB)

เหตุผลหลัก:

• Bitget announced today the launch of a new Launchpool project, Layer 3, which can be participated by staking BGB;

Rising situation: BGB rebounded against the trend within 24 hours and is currently fluctuating around 1.12 US dollars;

ปัจจัยที่ส่งผลต่อแนวโน้มตลาด:

• BGB empowerment: BGB holders can continue to participate in Bitgets three major new listing platforms Launchpad, Launchpool, and Poolx, bringing the listing dividends of high-quality assets in the bull market to the community, which is suitable for long-term holding.

• Increase or decrease in the amount of open contracts: Bitget recently launched the perpetual contract trading pair of BGB. According to the increase/decrease in the amount of open contracts, we can understand the potential buying and selling intentions of BGB.

2) Sector changes: POW sector (BCH, KAS, BSV)

เหตุผลหลัก:

• On July 27, local time, Republican presidential candidate Trump will attend the BTC conference. The essence of this is to win over the miners in the United States. Good news for the mining industry will be announced at the conference.

Rising situation: BCH, KAS, and BSV rose by 15%, 12%, and 18% respectively in 7 days;

ปัจจัยที่ส่งผลต่อแนวโน้มตลาด:

• POW popularity: After Trump attended the BTC conference recently, POW popularity rose in a short period of time, and the net inflow of funds and traffic was quite obvious. We need to continue to pay attention to the attention of the miners in Youtube and Telegram to the tokens.

• Increase or decrease in open interest: Taking BCH as an example, the open interest of BCH increased yesterday, indicating that hot money is pouring in. Through the contract data on the tv.coinglass website, we can understand the movement of the main funds. First, we should observe the increase in net long positions on the contract; then we should see whether the contract data shows a net increase in long positions, an increase in OI, and an increase in trading volume. If so, it means that the main force is continuously buying up and can continue to hold.

3) Sectors that need to be focused on in the future: Bitcoin ecosystem projects (SATS, CKB)

เหตุผลหลัก:

• Former US President Trump will make a landmark statement at the Bitcoin 2024 conference in Nashville. Trump announced that after taking office, he plans to use Bitcoin (BTC) as a strategic reserve asset for the United States and will never sell any BTC, which is good for the BTC ecosystem.

รายการสกุลเงินเฉพาะ:

• SATS: A leading BRC inscription project in the BTC ecosystem, with meme attributes; SATS has recently performed significantly stronger than ORDI, and there may be related good news in the future;

• CKB: CKB is a Bitcoin Layer 2 project based on the extended protocol RGB++. It continues to build the technical level of the project in the competition of Layer 2 solutions. The project insists on being isomorphic to Bitcoin and further bridges the shortcomings of the Bitcoin ecosystem.

3. การค้นหายอดนิยมของผู้ใช้

1) DApps ยอดนิยม

Layer 3 (L3):

Layer 3 is an on-chain task platform where users can discover new projects and get rewards. By aggregating user activities from multiple chains and dApps, Layer 3 generates the users on-chain identity DID to achieve efficient token distribution. The number of unique active users of the Layer 3 protocol increased by + 30% yesterday, and Bitget is about to launch the Launchpool of Layer 3 (L3).

2) ทวิตเตอร์

Compound (COMP):

A recent proposal passed by the lending protocol Compound Finance raised concerns among community members about governance attacks. Subsequently, the Compound community proposed to launch a new Staked Compound product to eliminate community governance risks.

3) ภูมิภาคการค้นหาของ Google

จากมุมมองระดับโลก:

Tapswap:

TapSwap is a Tap2Earn Mini App that was once liked by Telegram founder Pavel Durov. It was launched at the end of 2023. It was originally released on the Solana network and later transferred to the TON ecosystem. The overall popularity of the project is extremely high.

จากคำค้นหาที่มาแรงในแต่ละภูมิภาค:

(1) The hot spots in Europe and the United States are relatively scattered and there is no general pattern, but the term jd vance crypto has been on the hot search in many countries. European and American traders pay more attention to the impact of politics on Crypto.

(2) There are also no obvious hot spots in Asia, but the Philippines has shown interest in US stocks such as Tesla and Nvidia.

(3) Latin America showed a higher interest in AI and DePIN, with GRASS, AGIX and NEAR appearing on the hot searches in Colombia and Argentina, respectively.

ศักยภาพ แอร์ดรอป โอกาส

Symbiotic

Symbiotic is a universal re-staking system that enables decentralized networks to bootstrap powerful, fully sovereign ecosystems. It will provide a method for decentralized applications, called Active Validation Services (AVS), to collectively protect each other. Users will be able to re-stake assets they have deposited in other crypto protocols to help protect these AVS in exchange for rewards.

Symbiotic is regarded as a challenger to EigenLayer in the market. Symbiotic has completed a seed round of financing of US$5.8 million, led by Paradigm and Cyber Fund. Currently, with a hard cap on deposits, Symbiotics TVL has reached US$1.2 billion.

Specific participation method: Deposit various tokens supported by Symbiotic, such as wstETH, cbETH, sUSDe, etc., into its protocol. However, the deposit limits for most tokens have reached the hard cap, and only cbETH can be deposited. You need to wait for Symbiotic to open deposits next time.

Usual

Usual is an RWA stablecoin protocol that launched USD 0, a permissionless and fully compliant stablecoin backed 1:1 by RWA. USUAL is a governance token that allows the community to guide the future การพัฒนา of the network. Usual solves the current stablecoin market problems by redistributing profits to the community and rewarding token holders with actual income generated by RWA.

Usual has completed a $7 million financing round, with investments from IOSG Ventures, Kraken Ventures, GSR, etc. On July 11, Usual announced that its mainnet has been officially launched, and the points activity has been launched simultaneously. Early participating users can get more points, Usual Pills, by providing liquidity or by minting and holding USD 0++, and use these points to obtain USUAL tokens during the airdrop period.

Specific participation method: Use USDC, ETH, etc. on the Ethereum chain to mint USD 0 tokens on the Usual website, select the Provide USD 0 as liquidity on Curve option, and use the minted USD 0 tokens to provide liquidity.

Original link: https://www.bitget.fit/zh-CN/research/articles/12560603813505

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