Market Analysis on March 22nd

CN
1 year ago

[Noon News]

  1. The net outflow of Bitcoin spot ETF has continued for four days, with a total net asset value of $53.76 billion;

  2. SPACE ID clarifies: only 30.15 million IDs will be unlocked today, accounting for 1.51% of the total supply;

  3. Frax Finance plans to launch 23 L3s in the next year to kickstart the Fraxtal Nation community;

  4. Derivatives trading platform Kemet Trading has completed a $5 million financing, led by Further Ventures;

  5. BTC Layer2 project AINN Layer2 has completed a multi-million dollar financing, with participation from Waterdrip Capital and Satoshi Lab;

  6. Trezor: The X account theft incident originated from a carefully planned phishing attack, and the company's products are not affected;

  7. On-chain data analysis platform Arkham announces the integration of Linea data;

  8. Bithumb Holdings' largest shareholder Vidente has received "audit opinions being rejected" for two consecutive years, facing the risk of delisting;

  9. VanEck's head of digital asset research: the results of the U.S. election may have a significant impact on the cryptocurrency industry.

[BTC Market Analysis]

The market experienced a slight decline yesterday, and the market is expected to continue to be dominated by a volatile trend in the near future.

It is still necessary to pay close attention to the events in the U.S. stock market and FTX during this period.

BTC Trading Recommendations:

Long positions: 64,300; 63,300; 62,300

Short positions: 68,600-69,300; 70,500

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