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Jerry6666
2021-05-05

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Plunged nearly 8%! Bitcoin's gone? The biggest "short" is coming!

以太坊正与比特币进行一轮较量！与A股市场一季度调整后极为相似的一点，除了白酒，资金也开始挖掘其他有意思的股票。现在，数字货币市场的投资者，也开始将更多的资金配置到以太坊，而不是只买比特币。全球第二

Plunged nearly 8%! Bitcoin's gone? The biggest "short" is coming!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":102100409,"tweetId":"102100409","gmtCreate":1620181017001,"gmtModify":1704339835190,"author":{"id":3582603564454110,"idStr":"3582603564454110","authorId":3582603564454110,"authorIdStr":"3582603564454110","name":"Jerry6666","avatar":"https://static.tigerbbs.com/341ac0d8c7e78a01f49f688b745e56f4","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":11,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>???</body></html>","htmlText":"<html><head></head><body>???</body></html>","text":"???","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/102100409","repostId":1143138708,"repostType":4,"repost":{"id":"1143138708","kind":"news","weMediaInfo":{"introduction":"致力于提供最及时的财经资讯，最专业的解读分析，覆盖宏观经济、金融机构、A股市场、上市公司、投资理财等财经领域。","home_visible":1,"media_name":"券商中国","id":"9","head_image":"https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f"},"pubTimestamp":1620179646,"share":"https://ttm.financial/m/news/1143138708?lang=en_US&edition=fundamental","pubTime":"2021-05-05 09:54","market":"other","language":"zh","title":"Plunged nearly 8%! Bitcoin's gone? The biggest \"short\" is coming!","url":"https://stock-news.laohu8.com/highlight/detail?id=1143138708","media":"券商中国","summary":"以太坊正与比特币进行一轮较量！\n与A股市场一季度调整后极为相似的一点，除了白酒，资金也开始挖掘其他有意思的股票。现在，数字货币市场的投资者，也开始将更多的资金配置到以太坊，而不是只买比特币。\n全球第二","content":"Ethereum is taking on a round with Bitcoin!Very similar to the adjustment of the A-share market in the first quarter, in addition to liquor, funds have also begun to explore other interesting stocks. Now, investors in the digital currency market are also beginning to allocate more funds to Ethereum instead of just buying Bitcoin.Ethereum, the world's second largest market capitalization, is leading a new round of market, just like Moutai is not equal to A shares, and Bitcoin is not equal to digital currency. In the last 30 days, the price of Ethereum has risen by 60%, hitting a record high, while Bitcoin has fallen by 7% in the same period.<img src=\"https://static.tigerbbs.com/048e74fd6bb30e2fe3bbc0df378875ab\" tg-width=\"828\" tg-height=\"133\" referrerpolicy=\"no-referrer\">It is worth noting that Bitcoin fell from above $58,000 on Monday to a minimum of less than $54,000. At the beginning of the U.S. stock market on May 4, Bitcoin reached above $55,000. After Yellen's remarks about a small rate hike, it fell below $54,000, and the decline expanded to nearly 8% within 24 hours. As of the close of U.S. stocks, Bitcoin returned to above $54,000.<img src=\"https://static.tigerbbs.com/f4bbf850a6177a9f4f3cfb522998404b\" tg-width=\"946\" tg-height=\"521\" referrerpolicy=\"no-referrer\">In addition, Dogecoin soared 40% in 24 hours. Data shows that the market value of Dogecoin has now surpassed that of Ripple, ranking fourth. On the evening of May 4, Dogecoin stood at $0.6 per coin, setting a new record high. It has nearly doubled in the past seven days, and if counted from the beginning of this year, the increase has exceeded 100 times.<img src=\"https://static.tigerbbs.com/5175529af106c0e929a0915abfc60dc7\" tg-width=\"933\" tg-height=\"528\" referrerpolicy=\"no-referrer\">For quite a long time in the past, Bitcoin's performance has led the market for a long time, just like Maotai, the stock king, has led A shares. This change in the digital currency market seems to be trending. Bitcoin's share in the total digital currency market reached 80% in 2017 and dropped to 60% in July last year. During May Day this year, the market value of Bitcoin dropped to 47%, while the market value of Ethereum has continued to increase in the past three years, and now it has reached nearly 18% of the total market value of the currency circle.In terms of financing accounts, a large number of stock investors who are used to over-the-counter fund allocation and margin financing and securities lending have entered the digital currency market, resulting in the continuous growth of financing accounts in Ethereum and Bitcoin. In the last 24 hours, a total of 142,292 fund-raising or financing accounts have liquidated positions exceeding RMB 6.6 billion, most of which came from margin financing and securities lending accounts of Bitcoin and Ethereum.Money flows out of Bitcoin, Ethereum goes out of the independent marketJust as many stock investors regard Bitcoin as their full understanding of the digital currency market, the price of Ethereum hit a record high.On May 4, the price of Ethereum, the world's second-largest digital currency, topped $3,500, and the price increased by nearly 13% in 24 hours. The price of $3,500 also means that Ethereum has hit a new all-time high, and this happened within one month of the Bitcoin price correction. As of the morning of May 5, Ethereum price was maintained at $3,300.This strength of Ethereum is directly related to Bitcoin's recent weakness. The rotation and structural adjustment of the digital currency market and A-shares have similar characteristics. In<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>During the recent weak shock, many second-tier blue-chip varieties have gone out of their independent market in the recent A-share market, and even hit record highs.It is precisely because of the market characteristics of this trade-off that the strength of Ethereum makes some investors think that Ethereum may become the biggest short position in Bitcoin!Ethereum may become the largest short on Bitcoin?\"In the long run, I do think Bitcoin's short is Ethereum.\" Crypto Cobain, a well-known trader and analyst, believes that if Ethereum continues to rise beyond Bitcoin's market cap, then this could hurt the success of the leading crypto asset, as long-term Bitcoin asset holders will swap their holdings for Ethereum.Chinese brokerage reporters also noticed that Bitcoin's share of global digital currency market value once reached 80% in March 2017, while the market value of many digital currencies, including Ethereum, accounted for only 20%. Now, with the awakening of altcoin prices, Bitcoin's market value share is declining day by day. In August 2019, Bitcoin's market value share dropped to 70%, and altcoins' market value share rose to 30%. In 2020 In July, Bitcoin's market value share dropped to 60%.As the price of Ethereum continues to strengthen since 2021, as of May 5, 2021, in the overall market value of the encryption market, Bitcoin's market value has dropped to 47%, while Ethereum's market value has risen to 18%.Market research firm FundStrata says the cryptocurrency narrative is shifting from Bitcoin to Ethereum, setting a $10,000 price target for Ethereum this year. FundStrata is bullish on Ethereum due to new financial applications being developed on the Ethereum network, which has grown significantly in size over the past year. The fees these apps incur for the Ethereum network are about 3 times that of Bitcoin, while Bitcoin has a market cap of 3 times. FundStrata also expects Bitcoin to reach $100,000 this year, while the total market capitalization of digital currencies will reach $5 trillion.Bitcoin contributed less than 5%, and 90% of the company's profits from currency speculation came from EthereumJust like after the market value of Kweichow Moutai reached 3 trillion in early February this year, smart funds have begun to increase the allocation of other stock assets. When the price of Bitcoin once approached an astonishing $70,000, more and more funds are also flowing to Ethereum instead of just buying Bitcoin.On May 3, Nasdaq-listed digital payment technology company Mogo announced that it had purchased approximately 146 Ethereum coins at an average price of $2,780. Mogo plans to invest 5% of its cash and portfolio value in cryptocurrencies. The company has invested in Bitcoin and has acquired about 18 Bitcoin pieces on the open market so far, trading for an average price of $33,083.Hong Kong-listed companies investing 600 million yuan in digital currencies<a href=\"https://laohu8.com/S/01357\">Meitu Corporation</a>, its investment strategy in digital currency is extremely forward-looking-it does not put \"treasure\" on the Bitcoin, but takes the overpriced Bitcoin as the second largest asset, and takes Ethereum as the asset with the largest proportion of positions, which is obviously different from the traditional \"leek\"-that is, those small stocks that simply equate Bitcoin with digital currency.According to the cost of Meitu's investment, this Hong Kong stock company holds a total of 31,000 Ethereum shares, and the holding cost is about US $1,480. As of the morning of May 5, 2021, the unit price of Ethereum exceeded US $3,330, which means that Meitu's The profit on Ethereum is as high as US $57.35 million, equivalent to a profit of 371 million yuan in RMB.In terms of investment in Bitcoin, the average price of Meitu's Bitcoin positions is about US $52,653 each, and Meitu holds a total of 940.1 Bitcoin. As of the early hours of May 5, 2021, Bitcoin's price remained around $54,800. In other words, Meitu's profit on Bitcoin is about US $2 million, which is equivalent to RMB 12.94 million.Overall, Meitu invested 600 million yuan in digital currency, making a total profit of 384 million yuan, of which Ethereum contributed 96.6% to profits, and Bitcoin contributed only 3% to profits.Why does the weakening Bitcoin still receive enough attention?Although Bitcoin's ability to contribute profitability in the short term has been greatly weakened, this does not mean that the attractiveness of Bitcoin is completely lost to Ethereum.Understand this problem, just like A-share investors view Kweichow Moutai. Although Kweichow Moutai has caused many investors who chase high prices to suffer heavy losses after its sharp rise, as long as the price of Kweichow Moutai falls sufficiently, it can attract more investors to re-enter.For many A-share fund managers, Kweichow Moutai is not only about its stock price performance in one or two quarters. Although many fund managers admit that holding Kweichow Moutai may face short-term failure to make money or even underperform those fund managers who hold other stocks, according to the quarterly reports of fund companies, it can be seen that well-known fund managers including Zhang Kun, Liu Yanchun and Wang Zonghe still give Kweichow Moutai a sufficient proportion of positions among the top ten awkward stocks at the end of the first quarter of this year.The mentality and strategy of the above-mentioned A-share fund managers holding positions in Kweichow Moutai are exactly the same as those of large institutions who continue to hold positions in Bitcoin. Although the price of Bitcoin seems too high and the upward flexibility may continue to underperform in a quarter or two, these institutions still regard Bitcoin as the main asset.On April 30, MicroStrategy, a US-listed company, announced its financial report for the first quarter of 2021. The financial report shows that in the first quarter of 2021, it purchased a total of approximately 20,857 Bitcoin pieces for US $1.086 billion, with an average purchase price of US $52,087 each.Also includes those who have a soft spot for digital currency<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Musk, CEO of the company, invested US $1.5 billion to enter the digital currency market in the first quarter of this year. Instead of diversifying the investment, the US $1.5 billion was all bought as a single product of Bitcoin. It is obvious that Musk, who has a deep understanding of the digital currency market, has a strong performance on Ethereum, but he still only buys Bitcoin. This reflects Musk's personal investment understanding, and A-share fund managers know that Kweichow Moutai is impossible to outperform other second-tier blue chips in a quarter or two, but these fund managers still put a very large proportion of investment in Kweichow Moutai stock.Bitcoin and Ethereum margin trading and securities lending accounts have many liquidationsIt is worth mentioning that in the recent month when Ethereum rose sharply and the Bitcoin continued to fall, the digital currency market also experienced a large-scale liquidation.Obviously, a basic common sense is that buying Bitcoin and Ethereum itself will not explode, just like an A-share investor who buys Kweichow Moutai, it is impossible to face explosion. However, if an investor buys Kweichow Moutai near the stock price of 2,500 yuan with 10 times leverage-up to now, Kweichow Moutai has dropped to around 2,000 yuan, then the 10 times leverage of the position held by the stock investor will inevitably explode if there is no margin call.The liquidation of Bitcoin and Ethereum was also caused by investors' highly leveraged transactions.Brokerage China reporters noticed that as of the morning of May 5, 2021, a total of 142,292 people had liquidated their positions in the last 24 hours, with a total liquidation amount of US $1.02 billion, equivalent to 6.6 billion yuan. Among the above-mentioned liquidation amount of US $1.02 billion, the largest liquidation came from shorting Bitcoin. Bitcoin's financing account liquidated about US $247 million, followed by Ethereum's financing account, which liquidated US $230 million, and Ripple's financing account ranked third, with a liquidation amount of US $46.21 million.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plunged nearly 8%! Bitcoin's gone? The biggest \"short\" is coming!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlunged nearly 8%! Bitcoin's gone? The biggest \"short\" is coming!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n券商中国 \n2021-05-05 09:54\n</div>\n</a>\n</h4>\n</header>\n<article>\nEthereum is taking on a round with Bitcoin!Very similar to the adjustment of the A-share market in the first quarter, in addition to liquor, funds have also begun to explore other interesting stocks. Now, investors in the digital currency market are also beginning to allocate more funds to Ethereum instead of just buying Bitcoin.Ethereum, the world's second largest market capitalization, is leading a new round of market, just like Moutai is not equal to A shares, and Bitcoin is not equal to digital currency. In the last 30 days, the price of Ethereum has risen by 60%, hitting a record high, while Bitcoin has fallen by 7% in the same period.<img src=\"https://static.tigerbbs.com/048e74fd6bb30e2fe3bbc0df378875ab\" tg-width=\"828\" tg-height=\"133\" referrerpolicy=\"no-referrer\">It is worth noting that Bitcoin fell from above $58,000 on Monday to a minimum of less than $54,000. At the beginning of the U.S. stock market on May 4, Bitcoin reached above $55,000. After Yellen's remarks about a small rate hike, it fell below $54,000, and the decline expanded to nearly 8% within 24 hours. As of the close of U.S. stocks, Bitcoin returned to above $54,000.<img src=\"https://static.tigerbbs.com/f4bbf850a6177a9f4f3cfb522998404b\" tg-width=\"946\" tg-height=\"521\" referrerpolicy=\"no-referrer\">In addition, Dogecoin soared 40% in 24 hours. Data shows that the market value of Dogecoin has now surpassed that of Ripple, ranking fourth. On the evening of May 4, Dogecoin stood at $0.6 per coin, setting a new record high. It has nearly doubled in the past seven days, and if counted from the beginning of this year, the increase has exceeded 100 times.<img src=\"https://static.tigerbbs.com/5175529af106c0e929a0915abfc60dc7\" tg-width=\"933\" tg-height=\"528\" referrerpolicy=\"no-referrer\">For quite a long time in the past, Bitcoin's performance has led the market for a long time, just like Maotai, the stock king, has led A shares. This change in the digital currency market seems to be trending. Bitcoin's share in the total digital currency market reached 80% in 2017 and dropped to 60% in July last year. During May Day this year, the market value of Bitcoin dropped to 47%, while the market value of Ethereum has continued to increase in the past three years, and now it has reached nearly 18% of the total market value of the currency circle.In terms of financing accounts, a large number of stock investors who are used to over-the-counter fund allocation and margin financing and securities lending have entered the digital currency market, resulting in the continuous growth of financing accounts in Ethereum and Bitcoin. In the last 24 hours, a total of 142,292 fund-raising or financing accounts have liquidated positions exceeding RMB 6.6 billion, most of which came from margin financing and securities lending accounts of Bitcoin and Ethereum.Money flows out of Bitcoin, Ethereum goes out of the independent marketJust as many stock investors regard Bitcoin as their full understanding of the digital currency market, the price of Ethereum hit a record high.On May 4, the price of Ethereum, the world's second-largest digital currency, topped $3,500, and the price increased by nearly 13% in 24 hours. The price of $3,500 also means that Ethereum has hit a new all-time high, and this happened within one month of the Bitcoin price correction. As of the morning of May 5, Ethereum price was maintained at $3,300.This strength of Ethereum is directly related to Bitcoin's recent weakness. The rotation and structural adjustment of the digital currency market and A-shares have similar characteristics. In<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>During the recent weak shock, many second-tier blue-chip varieties have gone out of their independent market in the recent A-share market, and even hit record highs.It is precisely because of the market characteristics of this trade-off that the strength of Ethereum makes some investors think that Ethereum may become the biggest short position in Bitcoin!Ethereum may become the largest short on Bitcoin?\"In the long run, I do think Bitcoin's short is Ethereum.\" Crypto Cobain, a well-known trader and analyst, believes that if Ethereum continues to rise beyond Bitcoin's market cap, then this could hurt the success of the leading crypto asset, as long-term Bitcoin asset holders will swap their holdings for Ethereum.Chinese brokerage reporters also noticed that Bitcoin's share of global digital currency market value once reached 80% in March 2017, while the market value of many digital currencies, including Ethereum, accounted for only 20%. Now, with the awakening of altcoin prices, Bitcoin's market value share is declining day by day. In August 2019, Bitcoin's market value share dropped to 70%, and altcoins' market value share rose to 30%. In 2020 In July, Bitcoin's market value share dropped to 60%.As the price of Ethereum continues to strengthen since 2021, as of May 5, 2021, in the overall market value of the encryption market, Bitcoin's market value has dropped to 47%, while Ethereum's market value has risen to 18%.Market research firm FundStrata says the cryptocurrency narrative is shifting from Bitcoin to Ethereum, setting a $10,000 price target for Ethereum this year. FundStrata is bullish on Ethereum due to new financial applications being developed on the Ethereum network, which has grown significantly in size over the past year. The fees these apps incur for the Ethereum network are about 3 times that of Bitcoin, while Bitcoin has a market cap of 3 times. FundStrata also expects Bitcoin to reach $100,000 this year, while the total market capitalization of digital currencies will reach $5 trillion.Bitcoin contributed less than 5%, and 90% of the company's profits from currency speculation came from EthereumJust like after the market value of Kweichow Moutai reached 3 trillion in early February this year, smart funds have begun to increase the allocation of other stock assets. When the price of Bitcoin once approached an astonishing $70,000, more and more funds are also flowing to Ethereum instead of just buying Bitcoin.On May 3, Nasdaq-listed digital payment technology company Mogo announced that it had purchased approximately 146 Ethereum coins at an average price of $2,780. Mogo plans to invest 5% of its cash and portfolio value in cryptocurrencies. The company has invested in Bitcoin and has acquired about 18 Bitcoin pieces on the open market so far, trading for an average price of $33,083.Hong Kong-listed companies investing 600 million yuan in digital currencies<a href=\"https://laohu8.com/S/01357\">Meitu Corporation</a>, its investment strategy in digital currency is extremely forward-looking-it does not put \"treasure\" on the Bitcoin, but takes the overpriced Bitcoin as the second largest asset, and takes Ethereum as the asset with the largest proportion of positions, which is obviously different from the traditional \"leek\"-that is, those small stocks that simply equate Bitcoin with digital currency.According to the cost of Meitu's investment, this Hong Kong stock company holds a total of 31,000 Ethereum shares, and the holding cost is about US $1,480. As of the morning of May 5, 2021, the unit price of Ethereum exceeded US $3,330, which means that Meitu's The profit on Ethereum is as high as US $57.35 million, equivalent to a profit of 371 million yuan in RMB.In terms of investment in Bitcoin, the average price of Meitu's Bitcoin positions is about US $52,653 each, and Meitu holds a total of 940.1 Bitcoin. As of the early hours of May 5, 2021, Bitcoin's price remained around $54,800. In other words, Meitu's profit on Bitcoin is about US $2 million, which is equivalent to RMB 12.94 million.Overall, Meitu invested 600 million yuan in digital currency, making a total profit of 384 million yuan, of which Ethereum contributed 96.6% to profits, and Bitcoin contributed only 3% to profits.Why does the weakening Bitcoin still receive enough attention?Although Bitcoin's ability to contribute profitability in the short term has been greatly weakened, this does not mean that the attractiveness of Bitcoin is completely lost to Ethereum.Understand this problem, just like A-share investors view Kweichow Moutai. Although Kweichow Moutai has caused many investors who chase high prices to suffer heavy losses after its sharp rise, as long as the price of Kweichow Moutai falls sufficiently, it can attract more investors to re-enter.For many A-share fund managers, Kweichow Moutai is not only about its stock price performance in one or two quarters. Although many fund managers admit that holding Kweichow Moutai may face short-term failure to make money or even underperform those fund managers who hold other stocks, according to the quarterly reports of fund companies, it can be seen that well-known fund managers including Zhang Kun, Liu Yanchun and Wang Zonghe still give Kweichow Moutai a sufficient proportion of positions among the top ten awkward stocks at the end of the first quarter of this year.The mentality and strategy of the above-mentioned A-share fund managers holding positions in Kweichow Moutai are exactly the same as those of large institutions who continue to hold positions in Bitcoin. Although the price of Bitcoin seems too high and the upward flexibility may continue to underperform in a quarter or two, these institutions still regard Bitcoin as the main asset.On April 30, MicroStrategy, a US-listed company, announced its financial report for the first quarter of 2021. The financial report shows that in the first quarter of 2021, it purchased a total of approximately 20,857 Bitcoin pieces for US $1.086 billion, with an average purchase price of US $52,087 each.Also includes those who have a soft spot for digital currency<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Musk, CEO of the company, invested US $1.5 billion to enter the digital currency market in the first quarter of this year. Instead of diversifying the investment, the US $1.5 billion was all bought as a single product of Bitcoin. It is obvious that Musk, who has a deep understanding of the digital currency market, has a strong performance on Ethereum, but he still only buys Bitcoin. This reflects Musk's personal investment understanding, and A-share fund managers know that Kweichow Moutai is impossible to outperform other second-tier blue chips in a quarter or two, but these fund managers still put a very large proportion of investment in Kweichow Moutai stock.Bitcoin and Ethereum margin trading and securities lending accounts have many liquidationsIt is worth mentioning that in the recent month when Ethereum rose sharply and the Bitcoin continued to fall, the digital currency market also experienced a large-scale liquidation.Obviously, a basic common sense is that buying Bitcoin and Ethereum itself will not explode, just like an A-share investor who buys Kweichow Moutai, it is impossible to face explosion. However, if an investor buys Kweichow Moutai near the stock price of 2,500 yuan with 10 times leverage-up to now, Kweichow Moutai has dropped to around 2,000 yuan, then the 10 times leverage of the position held by the stock investor will inevitably explode if there is no margin call.The liquidation of Bitcoin and Ethereum was also caused by investors' highly leveraged transactions.Brokerage China reporters noticed that as of the morning of May 5, 2021, a total of 142,292 people had liquidated their positions in the last 24 hours, with a total liquidation amount of US $1.02 billion, equivalent to 6.6 billion yuan. Among the above-mentioned liquidation amount of US $1.02 billion, the largest liquidation came from shorting Bitcoin. Bitcoin's financing account liquidated about US $247 million, followed by Ethereum's financing account, which liquidated US $230 million, and Ripple's financing account ranked third, with a liquidation amount of US $46.21 million.\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/91dd12c1356cedee52ba68ec47866949","relate_stocks":{"EBON":"亿邦国际","CAN":"嘉楠科技"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143138708","content_text":"以太坊正与比特币进行一轮较量！\n与A股市场一季度调整后极为相似的一点，除了白酒，资金也开始挖掘其他有意思的股票。现在，数字货币市场的投资者，也开始将更多的资金配置到以太坊，而不是只买比特币。\n全球第二大市值的以太坊，正引领新一轮市场，这就像茅台不等于A股，比特币也不等于数字货币。在最近30天时间内，以太坊的价格上涨了60%，创出历史新高，而比特币同期下跌了7%。\n\n值得注意的是，比特币从周一高于5.8万美元一路跌至最低跌至不足5.4万美元。5月4日美股盘初，比特币达到5.5万美元上方，耶伦有关小幅加息的言论过后跌破5.4万美元，24小时内跌幅扩大至近8%。截至美股收盘，比特币重回5.4万美元上方。\n\n此外，狗狗币在24小时暴涨40%，数据显示，狗狗币市值现已超越瑞波币市值，位列第四。5月4日晚间，狗狗币站上0.6美元/枚，刷新历史新高。过去7天涨近一倍，如果从今年年初算起，涨幅超过100倍。\n\n在过去相当长一段时间，比特币的表现长期引领市场，就像股王茅台那样引领A股。数字货币市场的这种变化似乎具有趋势性，比特币在全部数字货币市场的占比，在2017年最高达80%，去年7月降至60%。今年五一期间，比特币的市值占比又降至47%，而以太坊在过去三年间的市值占比不断提高，目前已在币圈总市值中达到近18%。\n融资账户方面，大量习惯场外配资、融资融券的股票投资者进入数字货币市场，导致以太坊、比特币的融资账户规模持续增长。在最近24小时内，共有142292个配资或融资账户爆仓超过66亿元人民币，其中绝大部分爆仓来自比特币、以太坊的融资融券账户。\n资金流出比特币，以太坊走出独立行情\n就在许多股票投资者将比特币，作为对数字货币市场认知的全部之际，以太坊的价格创出了历史新高。\n5月4日，全球第二大数字货币以太坊的价格突破3500美元，24小时内价格上涨近13%。3500美元的价格，也意味着以太坊创出了价格的历史新高，并且这发生在比特币价格回调的一个月内。截至5月5日早上，以太坊价格维持在3300美元。\n以太坊的这种强势，与比特币近期弱势直接相关。数字货币市场与A股的轮动和结构性调整，具有相似的特征。在贵州茅台最近持续弱势震荡之际，许多二线蓝筹品种，在最近的A股市场中走出独立行情，甚至创出历史新高。\n也正因为此消彼长的市场特点，以太坊的强势使得一些投资者认为，以太坊恐怕会成为比特币的最大空头！\n以太坊或成比特币最大空头？\n“长期来看，我确实认为比特币的空头就是以太坊。”知名交易员和分析师Crypto Cobain认为，如果以太坊持续上涨超过比特币的市值，那么这可能会损害领先的加密资产的成功，因为长期的比特币资产持有者会将其持有的资产换为以太坊。\n券商中国记者也注意到，比特币在全球数字货币市值的占比，一度在2017年3月达到80％，包括以太坊在内的诸多数字货币市值占比只有20％。而今，随着山寨币价格的苏醒，比特币的市值占比日渐下降，在2019年8月，比特币的市值占比降至70％，山寨币的市值占比上升到30％，在2020年7月，比特币的市值占比又降至60％，\n随着2021年以来，以太坊的价格的持续走强，截至2021年5月5日，在加密市场整体市值中，比特币的市值占比已降至47％，以太坊的市值占比则升至18％。\n市场研究公司FundStrata表示，加密货币的叙事正在从比特币转向以太坊，今年将以太坊的目标价格定为1万美元。由于以太坊网络上正在开发新的金融应用程序，因此FundStrata对以太坊看好，该应用程序在过去一年中规模显着增长。这些应用程序为以太坊网络产生的费用约为比特币的3倍，而比特币的市值为3倍。FundStrata还预计今年比特币将达到10万美元，而数字货币的总市值将达到5万亿美元。\n比特币贡献不足5%，这家公司炒币9成盈利来自以太坊\n就像今年2月初贵州茅台市值达到3万亿后，聪明的资金，就已结开始增加配置其他股票资产。当比特币价格一度接近惊人的7万美元后，越来越多的资金，也正在流向以太坊，而不是只买比特币。\n5月3日，纳斯达克上市的数字支付技术公司Mogo宣布已购买约146枚以太坊，平均价格为2780美元，Mogo计划将其现金和投资组合价值的5％投资至加密货币。该公司已经投资了比特币，迄今为止在公开市场上收购了约18枚比特币，交易的平均价格为33083美元。\n豪掷6亿元投资数字货币的港股上市公司美图公司，它在数字货币上的投资策略，就极具前瞻性——它没有把“宝”压在比特币上，而是将已结超涨的比特币作为第二大资产，而将以太坊作为持仓比重最大的资产，这显然不同于传统的“韭菜”——即那些把比特币简单等同于数字货币的股票小散。\n按照美图公司投资的成本看，这家港股公司持有以太坊总计31000个，持仓成本约1480美元，截至2021年5月5日早上，以太坊的单价突破3330美元，这意味着美图公司在以太坊上的盈利高达5735万美元，折合人民币的盈利为3.71亿元。\n而在比特币的投资上，美图公司的比特币持仓均价约为52653美元一枚，美图公司合计持有940.1枚比特币。截至2021年5月5日凌晨，比特币的价格维持在54800美元附近。也就是说，美图公司在比特币上的盈利约为200万美元，折合人民币的盈利为1294万元。\n总体而言，美图公司6亿元数字货币投资，总计获利3.84亿元人民币，其中以太坊对利润的贡献高达96.6%，比特币对盈利的贡献仅为3%。\n为何走弱的比特币还有足够的关注度？\n虽然比特币在短期阶段上的盈利贡献能力大幅减弱，但这不意味着，比特币的吸引力彻底输给以太坊。\n理解这个问题，就像A股投资者看待贵州茅台一样。尽管贵州茅台在大幅上涨后，已导致许多追高的投资者损失惨重，但贵州茅台的价格只要下跌充分，就能吸引更多的投资者重新进入。\n而对许多A股的基金经理而言，看待贵州茅台也不仅仅在于一两个季度的股价表现。尽管许多基金经理承认，拿着贵州茅台可能面临短期不赚钱、甚至跑输那些持有其他股票的基金经理，但根据基金公司的季报可以看出，包括张坤、刘彦春、王宗合在内的知名基金经理，依然在今年第一季度末的十大重仓股中，给予贵州茅台以足够的持仓比重。\n上述A股基金经理持仓贵州茅台的心态、策略，与大机构继续持仓比特币的心态如出一辙，尽管比特币价格似乎太高，向上的弹性或在一两个季度内继续跑输，但这些机构依旧将比特币作为主要的资产。\n4月30日，美股上市公司MicroStrategy公布了其2021年第一季度财报。财报显示，其2021年第一季度总共以10.86亿美元购买了约20857枚比特币，平均购买价格为每枚52087美元。\n也包括对数字货币情有独钟的特斯拉公司CEO马斯克，他在今年一季度投资15亿美元进入数字货币市场，这15亿美元并未进行分散投资，而是全部买入比特币这一单一品种。显而易见的是，作为对数字货币市场有深刻理解的马斯克，他对以太坊的强势表现，但他依旧只买比特币，这体现出马斯克个人的投资理解，与A股基金经理明知贵州茅台在一两个季度内，不可能跑赢其他二线蓝筹，但这些基金经理依旧将非常大的投资比重，放在贵州茅台这只股票上。\n比特币、以太坊融资融券账户爆仓多\n值得一提的是，在最近以太坊大幅上涨、比特币持续阴跌的一个月，数字货币市场也出现了大规模爆仓的现象。\n显然，一个基本的常识是，买入比特币、以太坊本身不会爆仓，就像一个A股的投资者，买入贵州茅台，也不可能面临爆仓，但投资者如果以10倍杠杆，在2500元的股价附近买入贵州茅台——截止目前，贵州茅台已跌至2000元附近，那么该股票投资者所持仓的10倍杠杆，若不进行追加保证金，则该股票账户必然爆仓。\n比特币、以太坊的爆仓，也是因为投资者高杠杆交易所致。\n券商中国记者注意到，截至2021年5月5日早上，共有142292人在最近24小时内爆仓，合计爆仓金额10.2亿美元，折合为66亿元人民币。上述10.2亿美元的爆仓金额中，最大的爆仓来自做空比特币，比特币的融资账户爆仓约2.47亿美元，其次是以太坊的融资账户，爆仓2.3亿美元，瑞波币融资账户排名第三，爆仓金额为4621万美元。","news_type":1,"symbols_score_info":{"BTCmain":0.9,"EBON":0.9,"XBTmain":0.9,"CAN":0.9}},"isVote":1,"tweetType":1,"viewCount":2209,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}