Overlord: 2.20 market analysis: The BTC continues to fluctuate, and the Ether supplement continues

Message plane
On February 20, according to Lookonchain monitoring, a whale again lent 130 WBTC ($6.73 million) from Aave and exchanged it for 2323 ETH.

Since the launch of the Spot Bitcoin ETF on January 10, the Whale has been Long ETH/BTC Exchange Rate, lending a total of 1,731 WBTC ($82.65 million) from Aave and exchanging them for 31,416 ETH at a Exchange Rate of 0.055.

According to DL News, an anonymous high-value Non-fungible Token trader made a profit of $13 million after selling 10 early Ethereum Non-fungible Token that he bought three years ago.

On February 20, according to the Financial Times, Tyr Capital Partners, a well-known Hedging fund in the Crypto Assets industry based in Geneva, was recently searched by Swiss prosecutors as investors disputed the losses after FTX's rekt. Tyr Capital has been accused by TGT of "criminal" mismanagement and ignoring internal risk limits and investor warnings about its FTX exposure. The TGT fund, which had previously invested in Tyr, is now trying to close the portfolio and take control of the remaining assets, including a $22 million claim against FTX. TGT invests with funding from Long companies, including crypto wealth platform Yield App.

Market review

In yesterday's article, it was said that the BTC may be in shock, the Ether will make up for the rise, and yesterday's market is also in line with expectations. At the same time, Ether is basically the lowest point to enter, the highest point to take profit, and the BTC is also given to the support near the profit, the morning fell to 51300, yesterday's maker order support can continue to hold. Congratulations to the friends who kept up. Yesterday it was because of ETFs, U.S. stocks. So the overall market Fluctuation is going very slowly, so how to operate today?

Market analysis

Macro Analysis: Whether it can be defined as a Bull Market at the moment. When to judge the peak?MVRV ratio exceeds 2.0 for the first time Entering the Bull MarketIn the world of Bitcoin analysis, the basic metric used to measure the peaks and troughs of Bitcoin prices in each market cycle is the MVRV ratio. Essentially, this ratio compares Bitcoin's Market Cap to its realized value. The indicator has a critical value of 2, which indicates the dividing line between the accumulation phase and the selling phase. Historically, when the MVRV ratio is close to 3.7, it has always indicated that the price is close to its peak. For the first time in the current cycle, the MVRV ratio is slightly above the threshold, reaching 2.06, and the Bull Market has begun. Still, the indicator shows great potential for price increases, which could exceed 3 in the long term. However, this does not rule out the possibility of a cyclical price correction on the way to a peak.

The BTC Coinbase Premium Index is positive, and the South Korea Premium Index is 3.53%, indicating that US investors are still in good market sentiment. The Korea Premium Index, which is usually a sign of short-term overheating, is currently at 3.53%, up from 1.5% last week, but has not reached the level of overheating. All in all, a positive Coinbase premium index indicates good sentiment among U.S. investors, while a lack of overheating in the South Korean premium index suggests that the BTC dollar is ready to trade sideways or rise further. Unless the Kimchi Premium - Korea Premium index shows an overheating of more than 5%, the AltCoin market is likely to continue.

As can be seen from the four-hour disk, the K-line arrangement continues to fluctuate, and the upper and lower levels are not broken, so Long orders received near the lower support 51500-51300 yesterday can continue to be held, and get near the upper band of the shock, once it stands near 52500, then it is 55000. So the overall idea ignores small pullbacks, and pullbacks can open Long. The shock of the BTC gave other coins a chance, and yesterday Ether once rose to around 2980, just one step away from breaking 3,000. This step is going to pass sooner or later, so it is recommended that the BTC Ether Long orders can continue to be held yesterday, and the BTC pay attention to the breaking situation near 52500, and Ether short-term resistance to pay attention to 3030-3050.Stand firm and break through and see 3200-3300.The overall disk has not changed Long, and those who have gotten off or have not gotten on the car can send private messages, and the follow-up real-time market changes will be explained in the real market.

Technology is the square, trend is king, and the overlord of the Crypto World will take you to soar into the sea of coins

Entering the market needs to be cautious, and the operation is risky.

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