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VIPBitget VIP Weekly Research InsightsThe uncertainty surrounding macroeconomic conditions and market reactions makes it challenging to predict short-term and mid-term market trends, with both black-swan and white-swan events possible at any time. Therefore, a rational approach would be to maintain a balanced position and reserve funds for potential dip-buying opportunities. In our last issue, we recommended several passive income products on Bitget. Now, we will introduce additional products based on USDT/USDC, BTC, and SOL, available both on Bitget and their respective blockchains. (While ETH-related LST and restaking projects have shown the highest potential returns lately, they are not included in our recommendations this time due to the high uncertainty of LST projects and their lack of flexibility in unstaking.)
VIPBitget VIP Weekly Research InsightsAs global market risks intensified this week, crypto assets across sectors experienced significant corrections and poor performance. Passive income products from centralised exchanges can offer low-risk returns despite market volatility by utilising diversified portfolios to mitigate downside risks. This week, we recommend Bitget Earn's passive income products for our key clients.
VIPBitget VIP Weekly Research InsightsOn 27 July (local time), the current Republican presidential candidate Donald Trump attended the Bitcoin Conference. Essentially, the purpose of his appearance was to rally the mining community in the United States. The conference announced positive news for the mining industry, with a 12% increase in KAS over the past seven days and a noticeable net inflow of funds and traffic, indicating a certain wealth effect.
VIPBitget VIP Weekly Research Insights (26 July)Over the past three weeks, SOL's price has rebounded strongly from a low of $120 to a high of $185 on July 21. This represents a robust recovery of over 50%, surpassing the rebound seen in BTC, ETH, and most other high-cap altcoins, making it a strength eco-project worth focusing on.
- 01:17The ETH whale who previously borrowed coins to short ETH now appears to have switched to going long, having withdrawn 144,255 ETH from a certain exchange.According to ChainCatcher, on-chain analyst Yu Jin monitored that the whale/institution who borrowed 66,000 ETH to short on October 20 and bought back to repay yesterday, making a profit of $24.48 million, now appears to have turned bullish: from last night to this morning, he transferred a total of $482 million USDC into a certain exchange, and then withdrew 144,255 ETH from the exchange, with an average price possibly around $3,341. These USDC were the collateral for his ETH short last month: at that time, he withdrew $700 million USDC from a certain exchange and used it as collateral on Aave to borrow 66,000 ETH for shorting. After repaying the ETH yesterday, he retrieved the USDC collateral and started buying ETH.
- 01:17South Korean exchanges activate circuit breaker for KOSPI index, programmatic trading suspended for 5 minutesChainCatcher news, the Korea Exchange activated a circuit breaker on the KOSPI index after the KOSPI 200 futures fell by 5%, suspending program trading for 5 minutes.
- 01:04US stock valuations questioned, Asian stock markets generally declineChainCatcher News, according to Golden Ten Data, Asian stock markets followed the overnight sell-off in U.S. stocks on Wednesday, as investor concerns over excessive valuations weakened market confidence. The MSCI Asia-Pacific Index fell by 1%, with the South Korean stock market leading the decline, dropping more than 4%. Chris Weston, Head of Research at Pepperstone Group, stated that the market lacks short-term catalysts and there are few reasons to buy. The CEOs of Morgan Stanley and Goldman Sachs questioned the sustainability of sky-high valuations, intensifying market concerns about an overinflated stock market.