Rhythm Evening News｜JPMorgan Chase: The Bitcoin sell-off may not be over yet, and it is still overbought; Base network TVL exceeded US$1.9 billion, w

Selected news:

1. JPMorgan Chase: The Bitcoin sell-off may not be over yet, and it is still overbought;

2. A certain address spent 0.5 SOL to buy early Entered LADYF and made a profit of over 1,500 SOL;

3. BakerySwap: Meme coin PUMP pre-sale amount has reached US$100 million;

4. Base network TVL exceeded US$1.9 billion , an increase of 36.47% on the 7th;

5. VanEck Executive President: Biden’s failure in the election may be beneficial to digital assets and their wider applications

Price Watch

Bitcoin fell below US$65,000

According to OKX market information, Bitcoin fell below US$65,000 and is now quoted at US$64,700, with a 24-hour drop of 3.23%.

SSV short It broke through 64 US dollars in a short time, setting a record high

According to OKX market data, SSV broke through 64 US dollars in a short time and is now quoted at 63.18 US dollars, with a 24-hour increase of 11.37%, setting a record high.

DAO short It broke through US$3 for a short time and then fell back, rising by more than 50% in 24 hours.

According to OKX market data, DAO briefly broke through US$3 and then fell back. It is now quoted at US$2.568, rising by more than 50% in 24 hours. BlockBeats previously reported that at 10:00 on March 22, according to official news, the Launchpad platform DAO Maker will launch the fair launch Meme token PUNDU, and sales will begin at 3:00 on March 23, Beijing time.

PENDLE Breakthrough 3.2 US dollars, up more than 19% in 24 hours

According to market data, PENDLE broke through $3.2 and is now quoted at $3.273, up more than 19% in 24 hours.

RON rises Breaking through $4.3, a 24-hour increase of 18.2%

According to OKX market data, RON rose to break through $4.3, and is now quoted at $4.32, with a 24-hour increase of 18.2%.

BOME short It broke through 0.0168 US dollars at the time, and the 24-hour increase expanded to 47%

According to market data, BOME broke through 0.0168 US dollars in a short time, and is now quoted at $0.0165, with the 24-hour increase expanding to 47%.

Transaction Tracking

The suspected market maker address transferred 2 million PIXELs to Binance 6 hours ago, equivalent to approximately US$1.5 million

According to monitoring by @ai_9684xtpa, six hours ago, the address starting with 0x8FB deposited 2 million PIXELs to Binance, worth US$1.5 million. This address received 50 million tokens from the project party's multi-signature address before PIXEL went online, and is suspected to be a market-making address/early investor (another market maker is GSR Markets); there are still 1,230 PIXELs left, worth 949 Ten thousand U.S. dollars.

An address Spend 0.5 SOL to buy LADYF early and have made more than 1,500 SOL

According to Scopescan monitoring, the address starting with G95J spent 0.5 SOL to exchange 2.89 billion LADYF immediately after the LADYF liquidity pool was established, and 2 seconds later exchanged 1.73 billion LADYF for 6 SOL, and then the address exchanged 5.73 100 million LADYF are exchanged for 1522 SOL. Currently, this address still holds 587 million LADYF, worth approximately 287 SOL.

An address By buying LADYF early, it has made a profit of 8612 SOL, with a return rate as high as 2770%

According to monitoring by @ai_9684xtpa, a certain address (54JaP) has made a profit of 8612 SOL in one hour by trading LADYF, and the return The rate is as high as 2770%. The first time LADYF went online, the address spent 300 SOL to buy 31.8 billion tokens at a cost of only $0.00000169. In the past hour, it has sold a total of 29.9 billion tokens, making a profit of 6,064 SOL, worth $1.08 million; the remaining 48 100 million coins still have a profit of 457,000 US dollars

GSR deposited 3.96 million ARB to Binance 4 hours ago, equivalent to approximately US$6.62 million

According to The Data Nerd monitoring, 4 hours ago, GSR deposited 3.96 million ARB to Binance. 3.96 million ARB (USD 6.62 million) were deposited, and in the past 24 hours, a total of 9.6 million ARB (USD 16.34 million) was deposited. It is reported that 6 days ago, GSR received 22.68 million ARB ($42.64 million) from the Arbitrum attribution address.

A Smart Trader address sold 139 WBTC 8 hours ago

According to Lookonchain monitoring, a Smart Trader address sold 139 WBTC 8 hours ago at an average price of US$65,037 and exchanged it for 9 million USDC. The transaction ultimately earned US$391,893. It is reported that this trader has traded WBTC 11 times and won 6 times, with a total profit of approximately US$5.23 million. This trader is good at stopping losses and each loss is very small.

Cumberland and Bitcoin Suisse-related addresses withdrew 6.6 million ARB from CEX in the past 24 hours

According to Scopescan monitoring, Cumberland and Bitcoin Suisse-related addresses withdrew 6.6 million ARB from CEX in the past 24 hours (approximately $11 million). This address accumulated 18 million ARB (approximately $30 million) and transferred 10 million (approximately $16 million) to the address starting at 0x47f5 for storage.

Some whale The address deposited 3,500 MKR to Binance in the past 3 days

According to Spot on Chain monitoring, a whale address deposited 3,500 MKR (approximately US$11.15 million) to Binance in the past 3 days. It is reported that the wallet address first hoarded MKR in 2016 and purchased 46.3 MKR on Binance on November 29, 2022 at an average price of $646. Current holdings are 3,996 MKR (approximately $13.5 million).

FTX assets The clearing address transferred 1,500 ETH to Cumberland DRW 5 hours ago

According to monitoring by on-chain data analyst @ai_9684xtpa, the FTX asset liquidation address starting with 0x77f3 transferred 1,500 ETH (approximately US$5.23 million) to Cumberland DRW 5 hours ago.

Project News

DAO Maker will launch fair launch Meme token PUNDU

According to official news, Launchpad platform DAO Maker will launch fair launch Meme token PUNDU will be on sale at 3:00 on March 23, Beijing time.

Polkadot launched The community MEME token PINK has increased more than 28 times since its launch

Polkadot launched the community-centered MEME token PINK, which is distributed to the Polkadot community through airdrops. On-chain data shows that PINK is currently trading at $0.001327, an increase of 2867% since its launch.

Opinion data

Statistics: After the US stock market opens tonight, there will be a net outflow of approximately 1,437 BTC from the ETF custody address

According to analysts on the chain According to Ember Monitoring, the net outflow of ten BTC spot ETFs on March 21 was US$93.83 million, which corresponds to a net outflow of approximately 1,437 BTC from the ETF custody address after the US stock market opens tonight (March 22): · Outflow: Grayscale (GBTC) outflow About 5,493 BTC (corresponding to an outflow of US$358.79 million on 3/21); · Inflow: The remaining nine ETFs saw an inflow of approximately 4,056 BTC (corresponding to an inflow of US$264.96 million on 3/21). The main force was BlackRock (IBIT), with an inflow of 3,574 BTC ($233.45 million). The ten BTC spot ETFs currently hold a total of BTC: 825,350 BTC ($53.91 billion).

JP Morgan: Bitcoin sell-off It may not be over yet and is still overbought

According to CoinDesk, the price of Bitcoin fell 15% in the past week before rebounding after Wednesday's FOMC meeting. JPMorgan Chase (JPM) said in a research note on Thursday that the sell-off may not be over yet as positioning still looks overbought. Nikolaos Panigirtzoglou said that the market is still quite optimistic about the prospect of a significant price increase before the end of the year. An important part of this optimism is that even if the Bitcoin supply decreases after the halving, Bitcoin demand through ETFs will still be at the same level. The speed continues. However, the pace of net inflows into spot Bitcoin ETFs has slowed significantly, with significant outflows occurring over the past week. In fact, this profit-taking is more likely to continue as the halving approaches.

Greeks. live: The option delivery price is close to the biggest pain point again after a few weeks, and the market’s FOMO sentiment has basically disappeared

Greeks.live researcher Adam posted on social media that the rhythm of the encryption market has changed this week , mentioned last week that the weekend is the final rebound window. If the Bitcoin price cannot maintain $70,000, the current surge will be destroyed. As expected, this week will usher in a deep correction. The demand for Put increased sharply, and all major term IVs rebounded sharply. However, the delivery volume of Put positions fell instead, and a large number of Put positions were liquidated at profits this week. After a few weeks, the delivery price is once again close to the biggest pain point, and the market’s FOMO sentiment has basically disappeared. Options delivery data on March 22: · 25,000 BTC options expired, with a Put Call Ratio of 0.56, a maximum pain point of $67,000, and a nominal value of $1.7 billion. · 250,000 ETH options expired, with a Put Call Ratio of 0.51, a maximum pain point of $3,500, and a nominal value of $890 million.

LayerZero CEO : Three Arrows Capital co-founder Kyle Davies tried to offer higher interest rates to obtain all LayerZero funds days before the fund collapsed

According to The Block, LayerZero CEO Bryan Pellegrino stated on social platforms that Kyle Davies, co-founder of Three Arrows Capital, attempted to persuade LayerZero to invest all of its financial capital in the fund that was about to collapse a few days before the collapse of the hedge fund. middle. Kyle Davies offered higher interest rates to get LayerZero to put all of its money into 3AC just days before the fund collapsed. BlockBeats previously reported that on March 20, Kyle Davies, co-founder of closed crypto hedge fund Three Arrows Capital, said that he did not regret losing billions of dollars in investor funds and planned to do everything possible to avoid going to jail. Davies yesterday reiterated his lack of remorse over the collapse of Three Arrows Capital and insisted his professional reputation remained intact despite huge backlash on social media over past misdeeds.

BakerySwap: The pre-sale amount of Meme coin PUMP has reached US$100 million

BakerySwap stated on social platforms that the pre-sale amount of Meme coin Big Pump (PUMP) on BNB Chain has reached US$100 million, and a total of approximately 137,000 BNB, 2 million CAKE, 1.5 million BAKE, 1.4 billion 1CAT and 6 billion IQ50. It is reported that the deadline for this pre-sale is 18:00 on March 22.

Base network TVL exceeded 1.9 billion US dollars, a 7-day increase of 36.47%

According to L2BEAT data, Base Network TVL exceeded 1.9 billion US dollars and is now at 1.91 billion US dollars, a 7-day increase of 36.47%.

VanEck execution President: Biden’s failure in the election may be beneficial to digital assets and their wider applications

According to Decrypt, VanEck Executive President Matthew Sigel recently stated that Biden’s failure in the election may be beneficial to digital assets and their wider applications. The current regulatory environment in the United States is creating obstacles for institutions trying to enter the cryptocurrency field. President Biden will once again face off against former President Trump in the future, and the outcome of the next presidential election may have a significant impact on the cryptocurrency industry as well as other areas of the U.S. economy.

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