The recent outflow of Bitcoin from exchanges is 96,200 Bitcoins per month, which is a rare phenomenon in history.

The relationship between Russia and Ukraine continues to be tense. The United States intends to join its allies and partners in imposing additional sanctions on Russia. Germany and France have announced the expulsion of more than 70 Russian diplomats, while Russia is preparing to launch a large-scale offensive in eastern Ukraine. This is the result of the intensification of conflicts by Europe and the United States. The Ukrainian people are suffering because of the global economic disputes. In any case, I hope that the war will end soon and the earth will be clean. People live not only for money, but life is more valuable than anything else.

The UK has begun to embrace cryptocurrencies. The Chancellor of the Exchequer announced that the Royal Mint will create its own NFT, seeking to be at the forefront of the cryptocurrency field, and introduce stablecoins into the UK payment framework, so that stablecoin issuers and service providers can develop and expand in the UK, with the goal of becoming a global cryptocurrency center. Once regulated, financial institutions from the UK will take the lead in participating in the currency circle. The crypto market has become an arms race among developed countries. Whoever takes the lead in formulating laws and participating will gain cost advantages, and institutions will start a new round of games to take over for us.

Members of the Indian Senate said that India should consider raising the tax on crypto assets to 50%. The government has not yet determined whether to ban cryptocurrencies, and does not even know how to regulate them. This means that India is still not ready to embrace it, but the day of the final result should not be far away, so let's look forward to embracing it.

Gensler, chairman of the U.S. SEC, said that he would begin to review platforms that trade both security tokens and commodity tokens. This should be bad news for exchanges, because most exchanges can trade both types of tokens at the same time. In fact, after all the hassles, it is just to rely on supervision and generate more income.

The probability of the United States raising interest rates by 50 basis points in May has increased to 74.4%. The interest rate hike cycle has already arrived and there is nothing much to say. We mainly have to see how the debt reduction target is set in May, which will have a greater impact on the risk market.

Canadian Bitcoin ETF products increased their holdings by 6,594 bitcoins, reaching 69,052. The asset management scale of crypto venture capital institutions such as Paradigm and al6Z has surged, and they already have more than $60 billion in crypto assets. These ETFs, big and small, and some super funds, such as Grayscale and LUNA, are eroding the circulation of Bitcoin. In the future, as more and more pools are created, the supply of Bitcoin will become smaller and smaller, until one day demand causes the price of Bitcoin to explode.

The recent outflow from Bitcoin exchanges is 96,200 Bitcoins per month, which is a rare phenomenon in history. It shows that Bitcoin is being continuously collected by hoarders. As mentioned in the previous paragraph, the supply continues to decrease.

Fear Greed 53, Neutral.

Coin News:

Bitcoin: After the shock, it will continue to rebound to a new high. The LUNA Foundation has not bought in the past two days. Let's see if it can continue to increase its holdings in the second half of the week and challenge the 50,000 mark upward.

Ethereum: The market capitalization has reached 18.7%. The price of ETH/BTC has rebounded and has remained strong recently. The upward trend has not changed and is expected to start an accelerated upward trend.

GMT: The company announced that its market value exceeded 1 billion, becoming a unicorn company, the number of APP downloads exceeded 1 million, the daily NFT transaction volume exceeded 10 million US dollars, and the number of people running online at the same time was 30,000. This data is quite healthy, but if it wants to explode again, it needs to continue to go out of the circle and spread offline. It is estimated that it will take a long time for the platform to sort out 2-2.5 US dollars.

CELO: A light client has been launched, which saves workload and makes the public chain faster and lighter. Overall, it seems to be fine, so you can keep it for now.

APE: Shopping". It announced that it supports APE payment. This coin has also held above $10. After a period of volatility, there should be more funds to continue speculation.

AXS: The number of daily active users has decreased by 45% compared to the peak in November last year, mainly because of the decline in revenue. Naturally, fewer people are playing the game. This trend is difficult to reverse in the short term. This is also the logic behind Kuang Ren's continued bearish outlook since it was above 130. It is also difficult for this position to continue to fall, and it will go sideways for a period of time.