The number of large-value transfers increased by 70%;
F2pool’s “block share” decreased by 20%;
Canaan was listed on the Nasdaq, and the stock price fell 12% after breaking;
Bitcoin Core released a new version of the client related to repairs loopholes.
Secondary market
Bitcoin’s 7-day decline expanded to 18%
This week, Bitcoin’s 7-day decline expanded to 17.8%. On the afternoon of November 22, Bitcoin began to fall rapidly, falling below US$7,000. It fell by 10% in five hours and has now rebounded slightly to around US$7,000.
Image source: Feixiao
Market bulls are still strong
Data comes from: OKEx contract big data
OKEx contract big data shows that the elite accounts on the platform are mainly bullish this week when the market is volatile and waterfalls. Ding Jiayong, a market analyst at
, said, "As long as the bulls die, the shorts will continue." In a downward trend, as long as active buying still exists, there will still be active selling. At this time, you cannot easily buy the bottom. Until the bulls become desperate and no longer take the initiative to sell, at this time the shorts have no choice but to turn into longs without an opponent, thus pushing the market up. This is the so-called flipping bullish market.
html Net outflow of US$930 million in 4 weeks
Data from: Coin World, compiled by Odaily Planet Daily
The market plunged this week, and Bitcoin had a net outflow of US$930 million, a three-fold increase from last week, reflecting that the market is not optimistic about the short-term trend. ;The last large-scale capital flight was four months ago in early July.
news and technical analysis
market analyst Ding Jiayong said that the market is at a relatively embarrassing point of 7,000 US dollars. The hourly level shows signs of stopping the decline and stabilizing, but the daily level is still a short pattern, and the MACD decline has further expanded. It is said that around US$7,000, there is short-term support near the MA360 line, and the market situation is hardly optimistic.
The proportion of Bitcoin-to-USD transactions increased slightly
In Bitcoin-to-fiat transactions this week, the US dollar ranked first, accounting for 78.8%, a slight increase from last week; the Japanese yen's proportion continued to fall to 16.9%; the Korean won's proportion increased significantly It dropped to 2.28%, ranking third.
Image source: Coinhills
on-chain data
The number of large-value transfers increased by 70%
In terms of large-value transfers, a total of 4,773 large-value transfers ≥ 100 BTC occurred this week, an increase of approximately 70% from last week.
Source: Tokenview
Number of new addresses and active addresses
As of November 24, the number of new Bitcoin addresses has increased, reaching 230,000+, which is the same as last week; the weekly high of active addresses was 830,000+, A slight increase from last week, with a low of 420,000+, a slight decrease from last week.
Data source: Tokenview
50% small currency holding address
Among Bitcoin addresses, 48.42% of the addresses account for 0.01% of the total currency, a slight decrease from last week; 24.38% of the addresses account for 0.14% of the total currency, compared with last week Slightly higher.
Data source: Bitinfocharts
mining
This week computing power dropped 5%
According to data from the Biyin mining pool, the entire network's computing power in the past week was 91.09EH/s, a slight decrease of 5% from last week; as of November 22 , the difficulty of the entire network stopped falling and rebounded, rising by nearly 2%.
Source: BTC.com
F2pool fish pool’s “block share” decreased by 20%
According to BTC.com data, Biyin Mining Pool’s self-announced hash rate is 17.98PH/s, a slight increase from last week, and its “block share” dropped slightly to 17%;
F2pool’s self-announced computing power is 15.02EH/s, which is slightly higher than last week, but the lucky value dropped slightly from last week, so the “block share” dropped by 21%;
BTC.com’s computing power dropped slightly to 12.49 EH/s, the computing power ratio increased slightly to 13.9%; the computing power of
Ant Pool increased slightly to 10.48EH/s, but the three-day luck value was low, at 91%, and the "block share" accounted for 10.23% ;
Source: BTC.com
Related news:
Canaan Intelligent Technology was listed on Nasdaq, and the stock price fell 12% after breaking the price.
At 9:30 a.m. Eastern Time on November 21st, Canaan Intelligent Technology was listed on Nasdaq. Dak successfully rings the bell and goes public. It opened soaring 40% on the first day and then fell below the issue price. After opening the next day, it opened lower and moved lower, with a minimum of $7.50, a drop of 12%. The total market capitalization is approximately US$1.27 billion.
Canadian mining company Hut 8 received US$15 million in debt financing
On November 22, Canadian cryptocurrency mining company Hut 8 announced the completion of a new round of debt financing with a total amount of US$15 million. The investor is Genesis Global Capital. The annual interest rate is 9.85%.
related news
Bitcoin Core version 0.19.0.1 was officially released, and related vulnerabilities have been fixed
On November 18, Bitcoin Core developer Pieter Wuille stated on Reddit that a vulnerability was discovered in Bitcoin Core version 0.19.0. On November 24, Bitcoin Core officially announced that Bitcoin Core version 0.19.0.1 has been officially released, including multiple improvements and bug fixes.
44,000 BTC were transferred between unknown addresses, worth approximately US$310 million.
Whale Alert monitoring data shows that at 23:11:20 on November 24, Beijing time, a large transfer occurred on the BTC chain, 44,000.08 BTC starting with "1BZaHo" The address goes to an address starting with "1LruNZ" and neither address is tagged. At current prices, the deal is worth approximately $310 million. The transaction hash is: 822f61dfa7a73e54d108ed7f7804498c7b7ce1768b85a5ee44c0da216348b6f9.
developer: With the block reward halved, BTC will fall below the 2% inflation rate set by the Federal Reserve.
Bitcoin core developer and technical director of Casa, Jameson Lopp, tweeted that Bitcoin inflation is about to enter The fourth epoch (Bitcoin block reward halving) is less than 6 months away, when BTC will fall below the 2% inflation rate set by the Federal Reserve.
U.S. CFTC Chairman: Bitcoin is a commodity, completely different from Libra
U.S. Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert said in an interview with CNBC that Bitcoin and Libra are completely different products. Bitcoin has been running for more than 10 years. In 2008, everyone knew its operating mechanism very well, so it was classified as a commodity rather than a security; Libra has just been developed, and there are still many questions waiting to be answered. The structure of being linked to a basket of legal currencies means that it is another product entirely. (CNBC)
