Exchange Weekly Trends

Editor | Hao Fangzhou

Produced by Odaily

Exchange Weekly Trends

On February 15th, BitMEX responded that the XRP price flash crash was caused by market factors. The BitMEX team has investigated and believes that there is no problem with the exchange’s stop loss system, so there will be no rollback or refund.

On February 15th, the Huobi perpetual contract will be launched in the near future, and the business will be included in the scope of HT destruction.

On February 15, Huobi burned 4.0568 million HT in January, worth about 20.067 million US dollars, an average monthly increase of 51% from the previous quarter

On February 14, Binance added 15 fiat currency deposit channels including British pound and Korean won.

On February 12, Xu Kun, Chief Strategy Officer of OKEx: Contract revenue will be included in OKB’s repurchase at an appropriate time.

On February 12th and 11th, OKEx CEO Jay Hao posted on Weibo that OKT is the underlying currency of OKChain, with an additional issuance of about 1%-5% every year, and its value is supported by the development of applications (Dex, Defi, etc.) on OKChain Condition. OKT’s genesis block issuance will be 100% airdropped to OKB holders. OKB and USDK will be transferred from ERC20 to OKChain in the future.

Exchange data statistics

Exchange data statistics

source:

source:Alexa 

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source:

source:Dapptotal      

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(Note: According to the statistics of Dapptotal combined with the historical price trend of BTC, it is found that the number of active users of DEX users is positively correlated with the price. In December 2017, the price of BTC reached a peak of 120,000 US dollars, while the number of Dex users reached a peak of 9340; in April 2018 -The price of BTC picked up again in May, and the number of active users of DEX also picked up again; therefore, the number of users of DEX can be used as a reference indicator to judge the market trend, but in the transaction volume and number of transactions counted by Dapptotal, the research institute found that its trend There is no high correlation between the number of users and the price of BTC, so the number of users is intercepted as a reference indicator).

source:

source:Bakkt Volume Bot

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source:

source:tradingview

Among them, the green line is the price trend of BTC, the orange line is the price trend of BNB, and the blue line is the price trend of HT.

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source:

source:aicoin

analyst point of view

analyst point of view

Exchange traffic picks up in Q1

This week, Huobi announced that the amount of HT burned in January 2020 was about US$20 million, an increase of 51% compared to the average monthly repurchase volume of US$13.3 million in the fourth quarter of 2019. The performance of platform tokens this week was generally better than last week. The author has observed that derivatives account for an increasing proportion of the profits of exchanges recently, and it is expected that the trading volume of derivatives will continue to rise in the future.

Beware of Exchange Liquidity Risks

This week, BitMex’s XRP contract price has experienced extreme prices, resulting in the forced liquidation of most long positions. In my opinion, except for BTC futures on mainstream exchanges, other mainstream currency futures have experienced extreme prices. The price is possible, please pay attention to the risk.