05/01/2022
December 27, 2021-January 3, 2022
Insufficient market confidence, the market fluctuates downward
At the opening of last week, BTC rose slightly to 52000U, then fell sharply to about 46000U, and then oscillated between 46000U-48000U. As of the weekend (January 1), it failed to get out of the shock range. Analysis believes that the impact of option delivery at the end of the month is one of the main factors driving the second round of decline. According to Skew data, a total of 129,800 BTC option contracts worth more than $6 billion expired on December 31. Under the influence of the falling market, the market panic is more serious. Before the Lunar New Year, if there is no special event, the market may continue to fluctuate between 40,000U and 50,000U. As of January 3, 2022, the total market value of encrypted assets reached 2.3 trillion U, and the BTC market value was 888.817 billion U, accounting for 38.66% of the total market value. The ETH market, after rising slightly to 4200U on Monday, has not been able to break through the pressure point. Then it oscillates between 3600-3800, and it is expected that the future market trend will be consistent with BTC
