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VIPBitget VIP Weekly Research InsightsRecently, as market liquidity recovers, the crypto market—led by key assets like BTC and ETH—has started to rebound. Leading DeFi assets have continued to update their products amid six months of market volatility, maintaining their market dominance and leading positions. With the upcoming U.S. presidential election, both candidates are likely to propose favorable policies regarding DeFi and Web3 applications, potentially bolstering the sector. As a result, leading DeFi assets are expected to benefit from an early boost in liquidity recovery and may outperform the broader market in the coming months.
The countdown is on—X Empire is about to make serious waves! In just a few days, the X token airdrop and listing will drop on October 24, 2024, and this is your chance to be part of something HUGE. Whether you’ve been playing along or are ready to jump in, the excitement is real, and this airdrop could be your gateway to the next big thing in crypto. With the token listing on major exchanges, it's time to get ready for a game-changing moment. In this guide, we’ll cover how you can participate in the airdrop, key features, and how to link your TON wallet. It’s fast, it’s exciting, and it’s happening soon—are you ready to join the empire? Let’s dive in!
Just 2 days left until the end of the Chill Phase! Prepare for the X Empire Investment Fund on October 15-16, 2024, to decide which cards we should invest in. Make sure you join in on the excitement and bonuses—time is running out!
- 12:59Data: The net inflow of Bitcoin spot ETF yesterday was 796 million US dollars, and the net asset ratio of ETF reached 5.4%According to SoSoValue data, as of yesterday (Eastern Time November 20), the total net inflow of Bitcoin spot ETFs was $796 million. Yesterday, Grayscale's ETF GBTC had a single-day net outflow of $0.00, and the current historical net outflow for GBTC is $20.251 billion. Grayscale's Bitcoin Mini Trust ETF BTC had a single-day net inflow of $22.5885 million, and its current historical total net inflow is $684 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT, with a single-day net inflow of $627 million; its current historical total net inflows have reached $30.211 billion. Next is Fidelity's FBTC, which had a single-day net inflow of $134 million; its current historical total net flows have reached $11.215 billion. As it stands now, the Net Asset Value (NAV) for all Bitcoin spot ETFs totals at about 1006.29 billion USD; The ratio between this NAV and bitcoin’s market cap has reached 5.4%, while their cumulative historic flow-in value has already hit around 29.347 billion USD.
- 12:58Data: A certain whale spent 6700 SOL to buy 4.2 million CHILLGUYSAccording to Onchain Lens monitoring, about two hours ago, a certain whale spent 6700 SOL (approximately 1.62 million USD) to purchase 4.2 million CHILLGUYS.
- 12:58Analysis: MSTR's stock price is not reasonable as it is 256% premium compared to its Bitcoin holdingsOn November 21, BitMEX Research posted on social media that the current stock price of MicroStrategy (MSTR) is significantly higher than the value of its Bitcoin holdings, with a total dilution premium of about 256%. Part of the reason may be that some financial regulators prohibit people from buying Bitcoin ETFs. However, investors are very eager for exposure to Bitcoin, so they buy MSTR regardless of the premium. In addition, MSTR has a "profit strategy" in place. Because MSTR trades at a premium, the company can issue new shares and buy more Bitcoins. This would increase the amount of Bitcoin held per share. If premiums continue to exist, the company can continue to issue new shares. The current premium rate for MSTR is 256%. Based on this premium calculation when each share of MSTR actually represents $474 worth of bitcoin holdings; MicroStrategy will need to issue 157 million shares (currently it's 102 million), raising $157 billion dollars with stock prices rising to $1,685 per share and market capitalization reaching $674 billion while holding 1.9 million bitcoins. BitMEX Research believes such price performance and growth model is akin to a "Ponzi scheme", which isn't reasonable.
