How to see information about future Bitcoin price improvement after new highs

On November 3, 2021, the US Federal Reserve (Fed) will reduce the size of its real estate purchases by $ 15 billion per month from the end of November. The November meeting is important, as well as the home buying ratio. The Fed also announced that it would keep its government revenue target at 0-0.25%. The outcome of this meeting was in line with industry expectations. Futures in the market after announcing higher interest rates, the S&P 500 indicator rose after the Fed announced that the S&P 500 and the Nasdaq Composite rose 0.6% and 1.0 %, respectively, for the new all-time high. In another new investment, the digital real estate market has reported a similar situation, in the coming weeks, as part of the above simplification. On the financial side, the two main players in the digital commerce market, Bitcoin and Ethereum, will also be. saw an innovation in the digital real estate industry at the same time it increased its total market value and broke the $ 3 trillion mark.

Both Bitcoin and Ethereum prices are at an all time high.

According to the latest press release from the Ouyi OKEx platform, on the evening of November 10, 2021, Hong Kong time, the price of Bitcoin has already reached US $ 69,040, breaking the previous high of US $ 66,999 expected for the 20th. October. It is also after April. 2021. Bitcoin price hits two highs in one month, while Bitcoin market cap hits all-time high of $ 1,293 billion.

Bitcoin Price Recently, OKEx Data Source

Let's take a look again at the various prices of Ethereum. In addition, on the evening of November 10, 2021 Hong Kong time, the price of Ethereum reached $ 48,000 and reached $ 4,871.42, and at one point, the average level of market prices. was close to $ 550 billion. The share of the US dollar in the digital asset market also increased to 19.82%, closing the gap with Bitcoin's market capitalization (44.1%).

Recent Ethereum Price Trends, OKEx Data Center

And if you look at the changes in the ETH / BTC exchange rate that we have been paying attention to, you can see the consolidation. Also, referring to the price information of the Ouyi OKEx platform, the ETH / BTC exchange rate rose from 0.05932 on October 20 to a high of 0.07505 on November 4, and later there is has a change of currency. In writing, the ETH / BTC exchange rate is around 0.072, this year's highest level.

Recently ETH / BTC exchange rate exchange, Data received OKEx

Depression after a new spirit

However, soon after Bitcoin and Ethereum prices hit record highs, many cryptocurrency traders expect the price of Bitcoin to cross the $ 70,000 mark within hours of 2:00 a.m. Hong Kong time on November 11. At first, the value of digital assets often represented by Bitcoin suddenly plummeted. Bitcoin fell 9.92% and 9.85%, from a high of $ 69,040 to a low of $ 62,733, and Ethereum fell 9.92% and 9.85%, from a high from $ 4,871.42 to a low of $ 4,460. Of more than 10 digital assets derived from market capitalization, DOT recorded the largest loss of 19%.

In the digital real estate derivatives market, the fall in real estate prices above exchange rates has been repeated several times. According to statistics from another Coinglass site manager, 171,977 contract workers were forced to complete in the past 24 hours, for a total turnover of $ 694 million. This is the largest one-day drawdown in two months since October 27.

Digital asset derivatives market liquidation rate in the last 2 months, coinglass surface materials

In the case of this market is in the seasonal or ongoing (as April 18 or May 7 or September. Much better, but but the future still crazy. If you say the words, voice tone: Why do you do this? As OEU OkeEx Academy in September, the small price to pay to copy the movie theater "is there real reason," there is reason that it is. As the engine had said in previous article, we will return to the head and see it. Since September months, the price starting with 40,000 USD, and almost no forests are increasing. More than 10% decline. In the 21st 21, July 21, 27, finally, some parts are missing nearly 10% of the volatility in the 11%. in almost two months, the value of the little coins increased by 72.5%, and the rate increases at the same time is 7 5.1% and tags digital resources represent mana. Representation Matmorphic career back from the investments of small coins and emperors during this time. In other words, it means that the benefits and the fall-bearings are many business decisions benefit, it can avoid all the market. And the events often occur. Improving incorporates market industry. Of course, it is also important to know that the use of the digital business and measurement equipment especially if the companies do not have energy.

What other business information is it worth paying for?

Although changes in the stock market are unpredictable and difficult to predict with precision, as an entrepreneur there is a lot of market information you need to know to help you with your investment decisions. In the first two articles previously published by OKEx Academy, “10 Key Crypto Market Masters to Know” (click to read), we covered the age of distribution of Bitcoin UTXO, Bitcoin Rainbow Graph Index and S2F pricing standards. An indicator of the real estate market, such as the stable investment indicator at 10 rh999 keys and the Altseason index. Interested readers can click on the link to view more details. Here we are going to recap some of the metrics like bitcoin exchange rate balance and fixed term bonds.

Changes in the exchange of Bitcoin wallets are often interpreted as an important step in checking whether Bitcoin holders are reluctant to sell their Bitcoins. Holders will have more bitcoins when the declining bitcoin wallet equivalent of the exchange means that the holders have traded their bitcoins by swapping for their own wallet or other financial devices such as DeFi, which means that the refusal of sell heaters.

Changes in Bitcoin wallet exchange balance since February of this year, Coinglass data source

If you look at Coinglass statistics, you can see that the Bitcoin wallet balance on the exchange has been declining since August 2021 .. at the same time ..

The capital ratios of open contracts indicate the cost of long / short term in permanent contracts, and since the current market volume of contracts is finalized, constantly investing in the promotion of digital derivative assets, the exchange rate of contracts fixed has also increased. It deserves it.

Bitcoin perpetual bond financial rates, OKEx data source

As you can see in the figure above, most income is still above 0.04% from 10:00 a.m. on November 8 to 2:00 a.m. on November 11. As of 12:00 a.m. on November 10, revenue from the Bitcoin model and the USDT model perpetual contract on the Ouyi OKEx platform reached 0.11% and 0.069% respectively. This means that traders hold Bitcoin for the above period. Under open-ended contracts, only the payment to competitors would be between 0.069% and 0.11% of the post, which is far from the normal rate of 0.01%, which could mean that it is the flag Red.

Of course, as we've always mentioned, channel information or exchange data is only used to help investors make investment decisions. In the actual investment process, in addition to the above characteristics, it is necessary to collect the whole process and analyze the business data in general to determine Invest plus.