Odaily Звіт про планету оголошує, що Moonbeam Network оголошує про запуск третьої фази програми стимулювання Moonbeam Grants, яка надасть 450 GLMR екологічних грантів під керівництвом Gauntlet, що на даний момент оцінюються приблизно в 1,35 мільйона доларів США. У цьому конкурсі екологічної стимуляції включені такі проекти, як StellaSwap, MoonWell, Prime Protocol та BeamSwap. Оцінювальна рамка грантів буде оцінюватися за такими параметрами, як TVL, DAU, загальний об'єм торгів та комісійні збори.

Food for thought: When to Be Contrarian Financial markets are often seen as a reflection of reality, but in reality, they can be quite different. The reason for this is that markets tend to project out linear valuations based on recent trends, which means that they can become disconnected from the underlying reality. This is especially true in times of bull or bear markets when the market is either above or below reality. The best time to sell in the market, therefore, is not necessarily when reality is bad but when everyone is doing well in real life. This is because the market has applied an exponential multiple for things to continue, and it is only a matter of time before the market starts to come back down to earth. Similarly, the best time to buy is when we are in a depression, and a linear down projection is multiplied out. In this way, being contrarian can be a wise strategy because the consensus at extremes in financial markets causes the market to be at the furthest place away from reality, which then starts swinging back. However, being contrarian is also wrong because you are sitting at a place that is also far away from reality in the other direction. The market moves in a pendulum, and so you benefit inversely. In other words, you need to be mindful of where the market is relative to the macro environment and what the consensus pricing is, and then decide whether or not to take a contrarian approach. The key takeaway is that learning macro is not just about investing based on the findings themselves, but understanding where financial markets are relative to macro and what is the consensus pricing out linearly in which direction. At the extremes, being contrarian works well, but in the middle, the trend is your friend. In summary, financial markets can often be disconnected from reality due to the linear projections they make based on recent trends. Being contrarian can be a wise strategy when the market is at an extreme, but in the middle, it's best to follow the trend. Understanding macro can help investors make informed decisions about where the market is relative to reality and the consensus pricing out linearly.

Food for thought: PCE Exceeds Expectations The PCE [Personal Consumption Expenditures Index] has exceeded expectations, showing a year-over-year increase of 5.4% for the headline and 4.7% for the core, as well as a month-over-month increase of 0.6% for both the headline and core. Additionally, consumer spending increased by 1.8%, while personal income increased by 0.6% instead of 1%. However, the initial market reaction is unfavorable. The PCE is the preferred inflation gauge of the Fed, and the data is used to help guide monetary policy decisions, including interest rates. The higher-than-expected PCE numbers, particularly the year-over-year increase of 5.4% for the headline and 4.7% for the core, suggest that inflation may be increasing faster than anticipated. This can cause concern among traders because higher inflation can lead to higher borrowing costs, lower consumer purchasing power, and potentially slower economic growth. In addition, the lower-than-expected personal income growth suggests that consumers may have less money to spend in the future, which could further impact economic growth. How will the Fed react? Keep a lookout for Fed speeches.

❤️‍🔥Trend: A Marco update on world economy. Here’s something you need to watch out in 2023; we have seen 2022, the Russia-Ukraine war had a big impact on global economy . So, this might be something that you should not miss. I believe it’s gonna be a great impact on our crypto world as well. #Russia# #Ukraine# #China# #NATO#

🎯Trend: Is ChatGPT asking for Bitcoins, eventually? Thought: Well, that could happen, but ‘for what?’. I personally have an idea that AI’s answers is rather sensitive and controlled. Anyway, I am one of people out there who’s waiting for TruthGPT. Just want something that is not biased. BTW Is truth really absolute or just a matter of perspective? What is your idea? Guys, please look out for AI tokens and you won’t regret it afterwards. #Elonstweet# #Elon# #TweetDigest#

[1/5] Weekly Summary: Ethereum [$ETH$] The Ethereum network has seen a busy week with numerous exciting developments. Firstly, the ENS DAO has been given the green light to sell 10,000 ETH to fund its operating expenses for the next two years. The exchange took place on February 9th through CoWSwap and was completed successfully. The Ethereum testnet has also processed its first ETH staking withdrawals, with the Zhejiang testnet executing partial and full withdrawals, as well as changes to BLS, without any issues. On February 8th, the Ethereum network hit a new milestone with the number of non-zero addresses exceeding 94 million and the number of ETH 2.0 staking addresses surpassing 527,000. This was reflected in the weekly median price of Gas, which reached its highest point in the past six months at 28.15 gwei. JPMorgan has indicated that the upcoming Shanghai upgrade, scheduled for mid-March, will raise the blockchain's staking ratio in the medium term. The bank stated that there is ample potential for the 14% ratio to grow, given that the average for other proof-of-stake (PoS) networks is about four times higher. The Ethereum Foundation has announced that the Shapella (Shanghai+Capella) mainnet upgrade is progressing towards its final stages, with the public testnets being activated. The Zhejiang testnet is now live, and the first of the well-established public testnets, Sepolia, is slated to undergo the upgrade on February 28th. Shapella boasts a range of features, including full withdrawals for exited validators and partial withdrawals for active validator balances that exceed 32 ETH. There have been speculations that the Shanghai upgrade may be postponed until Q2, but Tim Beiko from the Ethereum Foundation has stated that the timeline depends on the success of the testnet fork. If all goes well, a second testnet is expected to be launched in mid-March, followed by the mainnet for the Shanghai upgrade in late March/early April.

Що на рахунок $TURBO сьогодні Токен сьогодні веде себе надзвичайно добре. Це абсолютно дивовижно. Вперед, $TURBO!!

ZKP Projects: A New Frontier for Traders to Explore Traders, take note: zero-knowledge proofs [ZK] have emerged as a major player in the world of blockchain scaling, particularly when it comes to offchain execution environments known as Layer 2s [L2s]. These L2s can execute transactions outside of Ethereum and then post transaction data in batches to Ethereum to inherit its security, providing affordable and rapid transaction processing. Among the most popular L2 solutions are ZK rollups, which can facilitate up to 2,000 transactions per second [TPS], a huge increase from Ethereum's current rate of 30 TPS. ZK rollups use ZK proofs such as SNARKs to validate and post their transaction batches on Ethereum. This approach combines offchain execution with onchain data to provide ZK rollups. Some of the largest ZK rollups today include dYdX, Loopring, zkSync Lite, ZKSpace, and Aztec Connect. In addition to ZK rollups, two other styles of scaling to note are validiums and volitions. Validiums execute transactions offchain and maintain their data via ZK proofs offchain as well, which makes them ultimately custodial. They can facilitate up to 20,000 TPS, however, making them powerful scaling solutions. Immutable X and Sorare are among the more recognizable validiums in action today. Volitions, created by the StarkWare team, are a cross between a ZK-rollup and a validium. With a volition, users can choose between onchain and offchain data availability, providing apps the option of validium-levels of TPS performance while still being interoperable with non-custodial ZK-rollup tech. Traders should keep a close eye on ZK projects, particularly ZK rollups, as they continue to innovate and scale Ethereum's capabilities. With L2s becoming increasingly important for scaling solutions, ZK proofs are likely to play a crucial role in the future of blockchain technology. All that said, the five largest ZK rollups as currently tracked by L2BEAT are as follows: 1. dYdX [$DYDX$] — a crypto and derivatives exchange | $375M USD TVL 2. Loopring [$LRC$] — L2 for trading, NFTs | $121M USD TVL 3. zkSync Lite — L2 for trading, NFTs | $65M USD TVL 4. ZKSpace [$ZKS$] — L2 for trading, NFTs | $49M USD TVL 5. Aztec Connect — L2 for private DeFI | $15M USD TVL This article has been summarized for easier reading. Check the original here: https://newsletter.banklesshq.com/p/whats-new-with-zks

🎯Hot: Helium Network sets migration to Solana for March 🤔Thought:  The migration benefits would include more of its native token available to subDAO reward pools, improved mining, as well as more reliable data transfer and ecosy-stem support. Ensure that you’ve migrated to the Helium Wallet for a smooth transition. Keep Hotspots active and online to receive IOT tokens.

❤️‍🔥HOT: INSANE Reason why Bitcoin will hit $1,000,000!!! ♻️My unpopular opinion : If you look at the potential after this bull run, ending in 2025, and then the next one, ending in 2029, $1 Million is definitely on the board, especially with inflation and the problems with the USD, the amount of adoption over the next 6-7 years, and the supply of Bitcoin on the exchanges dropping. Did you hold some for now? Will this happen to ETH as well?

Odaily Planet Daily News Messari announced the launch of Messari Lite lightweight service on the X platform, which supports access to unlimited watchlists, as well as exploring real-time news sources with AI summaries.

[2/2] Different Types of Narrative [1] The News Trade [Short-term] The focus of the News Trade is usually on short-term trading and front-running a one-time news event, rather than holding a position beyond it. Shorting opportunities on lower time frames may arise after the news is released. For instance, the announcement of a partnership by Avalanche led to a 4% movement. [2] The Flavor of the Week Trade [Long-term] The Flavor of the Week Trade typically involves a high time frame [HTF] and centers around a prominent coin that garners significant attention and consistently outperforms other assets. This strategy often involves buying the dip [BTD] depending on market conditions, and the most critical aspect is determining the ideal exit point. For instance, $APT$ serves as an illustration of this trading approach. [3] The Correlation Trade [Short-term and Long-term] The Correlation Trade can occur on either a lower time frame [LTF] or higher time frame [HTF]. Traders who use this strategy avoid longing coins that have recently experienced a pump and instead search for correlated assets that are likely to follow a similar trajectory. These coins are usually in the same "basket." The crucial factors for success in this approach are speed and selecting the appropriate assets. For example, $AXS$ into $GMT$ represented a typical instance of the Correlation Trade. [4] The Catalyst Trade [Long-term] The Catalyst Trade operates on a high time frame [HTF] and centers around news that can be front-run, such as catalysts or unlocks. Unlocks are not always bearish, and technical upgrades are not always bullish. The key factor in this strategy is to examine the market's risk appetite. For example, $dYdX$ v4 is a well-known instance that continues to rise significantly, while $MAGIC$ represents a bullish unlock. [5] Additional Tip Although there is more complexity to the process, categorizing each trade has substantially aided me in determining how to tackle them. It is essential to have a well-defined strategy and maintain discipline. Remember, it’s a marathon, not a race.

$XRP$: Bullish 🐂 What happened: 20EMA crossed 50EMA on Jan. 19 and 100EMA on Jan. 25. Between this period, XRP’s highest closing price [0.41277] exceeded the last peak [0.4078 - 0.4189] from Nov. 25, 2022, indicating a “higher-high” price action formation has been establish. In the last week, XRP consistently traded along the trendline though it did no make a clean breakout. What will happen: With the entire crypto market on the rise, though a correction is likely in the short term, I expect XRP to perform just as well in 2023. Speaking of pullback, I am anticipating XRP to retrace to the 50EMA this week which is when I am enterinig. The Medium-Term Play: 1-2 Months 4.36-to-1 PL Ratio. Entry: 0.3851; Target: 0.5143; SL: 0.3554. Daily Resistance Zones 1. 0.4071 - 0.4178 2. 0.4220 - 0.4325 3. 0.4391 - 0.4482 Daily Support Zones 1. 0.3920 - 0.3851 2. 0.3686 - 0.3601 3. 0.3554 - 0.3436 TA Methodologies: 1. Supply & Demand Theories 2. Price Momentum 3. Fibonacci Retracements & Extensions SR Zones 4. Trendline Breakout 5. RSI Movement Strengths

Market Wizards - Market Rewards Persistency and Discipline The book "Market Wizards" by Jack Schwager is a must-read for anyone interested in finance and investing, as it offers a unique look into the world of successful traders. What's interesting is that the traders featured in the book come from diverse backgrounds, but they all share one common trait - they have achieved exceptional success in the markets. The book provides valuable lessons on the strategies, philosophies, and experiences of these traders, and emphasizes the importance of having a well-defined trading system, managing risk, and maintaining a positive mindset. One of the key takeaways from the book is that persistent learners are rewarded in the market. The traders interviewed by Schwager stress the importance of having a system in place to eliminate emotion and bias from the decision-making process. They also emphasize the importance of being disciplined and sticking to the system, even when faced with losses. Moreover, the traders have a set of strict rules they follow, regardless of market conditions, ensuring that their decisions are based on objective criteria. Another crucial aspect of successful trading highlighted in the book is risk management. The traders understand that risk is inherent in trading and that managing it properly is crucial to long-term success. They discuss the importance of having a well-defined risk management plan in place to protect their capital and prevent large losses. Diversification of the portfolio is also crucial to reduce overall risk. The traders also share their thoughts on the psychology of trading. They discuss how having a positive mindset, the ability to stay calm under pressure, and being able to accept losses without letting emotions drive decisions is crucial to success. They stress the importance of being able to handle the stress of trading while maintaining a healthy work-life balance. In conclusion, "Market Wizards" provides valuable insights into the world of successful trading, highlighting the importance of having a well-defined trading system, managing risk, and maintaining a positive mindset. The book's practical advice and lessons can be applied to any type of trading or investing, making it a must-read for anyone looking to gain a deeper understanding of the world of finance and investing. Ultimately, the book's message is clear: the market rewards those who are persistent learners and disciplined traders.

Copy Trading: A Guide to Doing it Right In recent years, copy trading has gained a lot of popularity, with many traders taking advantage of the ability to replicate the trades of more experienced traders. However, the practice has also received criticism, with some people believing that copy trading means you lack skills as a trader. In this article, we will explore copy trading and how to do it right. Copy trading is not bad. It doesn't mean you don't have any skills. In fact, many professional traders use copy trading to augment their existing strategies. Copy trading can help you learn from the experience of others and potentially increase your profitability. However, the key to successful copy trading is how you approach it. Here are some important things to keep in mind: 1. Have a Plan When you copy a trade from someone, make sure you have a plan for it. Most people see a tweet or social media post and quickly jump into a trade without any real thought. They often don't even set up proper notification systems to know when to get out. To avoid this, make a plan for the exit and stick to it. This means deciding on your profit targets and stop loss levels before entering a trade. It also means being disciplined enough to exit the trade when your plan tells you to, regardless of what others are doing. 2. It's Okay to Disagree Just because someone has a high level of experience or has made successful trades in the past does not mean that all of their trades will work out. You should never blindly follow someone else's trades without first considering whether they align with your own trading strategy and thesis. If you disagree with a trade, skip it. It's okay to fade giga brains. Only copy trades that you have conviction in and that align with your own trading thesis. 3. Have Conviction If you copy a trade without having the same thesis, you will get shaken out too easily. You need to have conviction in the trade you are making, and this requires doing your own research and analysis. Only when you are confident in the thesis will you be able to sail through the rough waters. This means being disciplined enough to stick to your plan and not get swayed by short-term market fluctuations. 4. Take Full Responsibility One of the main reasons copy trading is so popular is that it shifts responsibility from your inability to others. If you lose, they were wrong. If you win, you were right. This is a bad mindset to have. You need to take full responsibility for your trades, whether you are copying someone else's or making your own. This means owning up to your mistakes and learning from them, as well as giving credit when credits are due. In conclusion, copy trading is a great skill to have when done right. It can help you learn from the experience of others and potentially increase your profitability. However, you need to approach it with discipline, conviction, and responsibility. Make sure you have a plan, only copy trades that you have conviction in, and take full responsibility for your trades. By following these guidelines, you can make copy trading work for you.

Crypto Market Movements Analysis of Cryptocurrency Market Movements: 1. Stablecoin Flows: - The popularity of $Arbitrum is evident as it experiences a high level of liquidity inflows of 10.66%, and its native DAPPs are performing well. This presents various PVP opportunities. - In contrast, $CANTO liquidity seems to be decreasing as investors realize it lacks any real use case. 2. Smart Money Movement: - This week, there has been a significant outflow of ETH as smart money shifts to various alt-coins based on different market narratives. Cryptobubbles.net reveals that the alt-coin market is performing well. - Among the alt-coins, $BLUR experienced the most inflows due to an airdrop, while $stETH experienced an inflow due to an arbitrage opportunity. 3. L1/L2 Movement: - The L2 narrative remains strong, with Polygon, Arbitrum, and Optimism among the top five ranking in terms of fees. There have been no significant changes since last week. - Despite the events of 2022, Solana remains resilient and continues to maintain its relevance. 4. DAPP Movements: - Maker's revenue and earnings rankings have improved due to FUD around BUSD/USDC, which has pushed investors towards USDT and DAI. - BetSwirl's P/S ratio at full circulation appears attractive, but its value has already increased four-fold. It is advisable to trade carefully and understand the risks involved.

[2/3] Track these whales to up your trading game. [4] The identity of the individual or entity behind analytico.eth, an Ethereum address belonging to an anonymous whale, is unknown. However, the wallet has interacted with Parafi Capital several times in 2021. The wallet currently holds $68 million and made $25 million from 315 decentralized exchange trades in 2022. Its largest holdings include: - - $ETH$ ($20 million) - - stETH ($10.6 million) - - rETH ($6.8 million) - - $CVX$ ($3.1 million) - - wBTC ($2.7 million) - - SWISE ($2.2 million) - - $LDO$ ($700,000). Analytico.eth is a significant holder of LSD tokens and has a history of trading them. Its current largest convictions seem to be SWISE and LDO. In addition, the wallet is farming $20 million ETH/stETH on Convex Finance and $1.5 million ETH/rETH on Uniswap. ___________ [5] Andre Cronje's address is 0x431e81e5dfb5a24541b5ff8762bdef3f32f96354. His main holdings are: - - $75.8 million in $FTM$ - - $25.5 million in USDC/FUSD - - $14.1 million in $CRV$, locked until 2025 - - $3.7 million in $ETH$ - - $1.1 million in $YFI$ - - $700,000 in K3PR - - $300,000 in $MULTI$ - - $300,000 in SOLID, locked until 2027 Andre also has smaller investments in BEETS and $BOO$ worth over $200,000. He is known to have interactions with a Binance account holding $19 million in $FTM$, as well as some $STG$, TOMB, and LIF3. Andre has also been gradually investing more into $BOO$ and GEIST recently. ___________ [6] Kain.eth, the founder of Synthetix, has the following crypto holdings in his wallet with the address 0x42f9134e9d3bf7eee1f8a5ac2a4328b059e7468c: - - $837k worth of LYRA - - $308k worth of $OHM$ - - $115k worth of $GTC$ - - $108k worth of $ETH$ - - $101k worth of $OP$ - - $30k worth of $1INCH$ It's worth noting that LyraFinance recently launched its options protocol on Arbitrum, which might be worth monitoring. Although this wallet is labeled as Kain's on Nansen's Wallet Profiler, there could be one or more wallets out there with a significant amount of $SNX$. Recently, the wallet has been inactive except for sending small amounts of $SNX$ and $ETH$ to several Kraken deposit addresses.

Onchain Data Alpha - How to Interpret Data to Your Advantage [1] The activities of venture capitalists can be monitored through the VC Watch dashboard on Watchers.pro [https://watchers.pro/]. This tool allows you to analyze the on-chain activity of VCs in real-time, including what they are buying, selling, and the decentralized applications they are utilizing. By using the 'Latest Activity' section, you can identify small-cap investments that multiple VCs are making. Additionally, you have the option to filter their transactions by transfer value, for example, transactions worth at least $1 million. With the high volume of transactions that VCs make, using this dashboard saves time when analyzing their on-chain activities. [2] Where is innovation taking place? To determine this, you can look at the number of unique contracts deployed on Artemis.xyz [https://app.artemis.xyz/dashboard]. For example, on 14/11/2022, there was a significant increase in developer activity on Arbitrum. Following this, many tokens related to Arbitrum have outperformed the market. [3] Many sudden price declines are a result of high levels of liquidation. To anticipate potential price drops in DeFi, it is important to monitor liquidation levels. DeFillama [https://defillama.com/liquidations/] offers a liquidations dashboard to assist in this task. One way to utilize this resource is to set buy limit orders well below a massive liquidation level when the price of an asset, such as ETH, is getting close to it. If the price of the asset reaches the liquidation level, a significant sell-off is expected to occur. [4] When considering the purchase of a token, it is important to ask what the large investors, commonly referred to as "whales," are doing. Are they increasing their holdings or selling them? Watchers.pro provides the ability to examine the top balance changes for thousands of tokens over the past 7 days. If whales are transferring tokens from centralized exchanges to their own wallets or purchasing them on decentralized exchanges, this is typically a positive sign. On the other hand, if whales are depositing significant amounts of a particular token onto centralized exchanges, this is generally seen as a bearish signal. [5] Large outflows from centralized exchanges (CEX) can indicate two potential scenarios: - - Whales have accumulated tokens for long-term investment and are transferring them to their own wallets, which is a bullish signal. - - A bank run is underway, and it may be wise to withdraw your assets. The CEX Transparency dashboard on DefiLlama displays both CEX inflows and outflows. By selecting a specific CEX from the list, you can also see the top token inflows, which can provide insight into which tokens whales are willing to sell. In conclusion, on-chain data can be a highly valuable tool in your investment strategy. By utilizing this information, you can gain a significant advantage over others. However, it is important to not base all of your investment decisions solely on the on-chain activity of certain wallets. Ultimately, even some of the largest venture capitalists suffered significant losses last year. #DYOR

Mastering the Art of Trading: Build a Strong Foundation through a Well-Planned Approach Having a well-defined plan is essential for achieving success and realizing gains in the trading world. Although many people talk about having a plan, few actually show how to create one. Here, I am sharing my personal trading plan that has improved my profitability over time and has helped me navigate the market. It is important to note that this plan is tailored to my personal style and goals, as though I prefer day trading to keep myself busy, I’ve also developed a medium to a long-term approach to diversify my investments. Every trader must tailor their own plan to their individual needs. The plan begins by analyzing the trend in the market. I look for bullish or long setups and avoid bearish or short positions. To determine if a market is in a bearish phase, I look for the pattern of a lower high [LH] and a lower low [LL], as well as the price being below the relevant exponential moving averages [EMAs]. Conversely, to identify a bullish phase, I look for a higher high [HH] and a higher low [HL], along with the price being above relevant EMAs. I primarily use the 9-day EMA, but also consider the 21-day EMA. Another factor I consider is the leading sector in the market. The sector that is showing strength in terms of price action is generally the easiest to trade. If no leading sector can be found, I avoid trading and wait. I also avoid trading in markets that are already parabolic in nature. To help keep my outlook organized, I build a watchlist of the names in the leading sector and add benchmarks, such as Bitcoin [$BTC$], Ethereum [$ETH$], and the US dollar index [DXY], for reference. I then narrow down my list to the top 3-5 names and filtered for the best setups. I look for charts that show HH and HL patterns, as well as being above the 9-day or 21-day EMA. I also look for accumulation zones but am cautious in distinguishing between accumulation and distribution. Finally, I look for bull flags and closures above past highs or resistances as a way to scan for potential trades. This method is simple and profitable if done correctly, but there are many other patterns, indicators, and techniques that can be used. The key is to not force trades and wait for the right opportunities.

BNB Down 4% After Company, CEO Targeted by US Prosecutors for Money Laundering Binance's native coin, BNB, started this week dropping 5.1%, a movement that seems to reflect fear in the market with news that Binance is the target of a criminal investigation by the US Department of Justice (DOJ), which investigates whether the cryptocurrency exchange and its leaders violated anti-money laundering laws and violated sanctions imposed by the US government. The Department of Justice also discussed potential court settlements with Binance’s lawyers. In a press release, Binance stated that regulators are conducting a “comprehensive review of all crypto companies concerning many similar issues.” “This nascent industry has grown rapidly, and Binance has demonstrated its commitment to security and compliance by making major investments in its people, as well as the tools and technologies used to detect and prevent illicit activity,” the company stated. Data shows that the BNB price is around US$ 275 this afternoon, slightly recovering after hitting the lowest price registered in three weeks this morning of US$ 273.

Odaily planet daily news, the US SEC announced in a statement that Heather Slavkin Corzo, a well-known critic of cryptocurrencies, will resign from her position as policy director. SEC Chairman Gary Gensler appointed Corzo in April 2021, and during her tenure, Corzo played a key role in implementing market fund reforms, accelerating securities settlement cycles, and strengthening corporate disclosure of cybersecurity incidents. These measures have been praised for enhancing investor protection and simplifying the capital formation process. Corey Klemmer, SEC's financial advisor, will replace Corzo, and it is expected that the SEC will maintain a skeptical attitude towards cryptocurrencies.

China to Set New Growth Target: What It May Mean for Global Markets, Liquidity, and the Crypto Sector China is expected to announce a new growth target during the National People's Congress next week. Recently, China's Purchasing Managers' Index (PMI) showed a strong reading of 52.6, indicating the second consecutive month of economic growth. Additionally, China experienced growth in home sales for the first time in 20 months and export orders for the first time in nearly two years. The data set suggests that China's economy is recovering from the impact of the COVID-19 pandemic, and this could have implications for global financial markets and the flow of liquidity. Firstly, positive economic data from China could boost investor confidence in the country's economic recovery, leading to increased investment flows into China's equity and bond markets. This could potentially drive up asset prices in these markets, which could spill over into other global markets. Secondly, increased economic activity in China could lead to higher demand for commodities, such as iron ore, copper, and oil, which are key inputs in China's manufacturing sector. This could benefit commodity-exporting countries, such as Australia, Brazil, and Saudi Arabia, as well as companies involved in the production and transportation of these commodities. Thirdly, the flow of liquidity could also be affected by the Chinese government's response to the economic recovery. If China maintains an accommodative monetary policy stance, this could provide a supportive backdrop for global liquidity and asset prices. Turning to the crypto sector, per Tradingview data, the current market cap is approximately $1.033T. Yesterday, the market's upward trend hit a roadblock at $1.04T, which corresponded with a surge in trading volume based on the volume profile indicator. Moving forward, if the market closes below the $1.028T benchmark, it is expected to target $1.018T in the short term, indicating further declines or consolidations for many coins. Conversely, if the market manages to close above the $1.037T Fib Extended Golden Zone, yesterday's bullish candle may indicate a turnaround for the entire sector, with more capital flowing into the cryptocurrency market and resulting in a rise in most coins.

📊Digest: Crypto correlation to stock market isn’t a bad thing. Let me explain why; In general, the institutional investors pay very well attention to things like interest rate, inflation and employment. If you are the fan of my content, you will see this correlation a lot as I keep updating it. So this is why Crypto reactive to Macro factors. #crypto# #stock#