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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.
- 16:16Data: HEMI drops over 26% in 24 hours, PORTO drops over 18%According to ChainCatcher, spot market data from a certain exchange shows significant market volatility. HEMI has dropped by 26.7% in the past 24 hours, PORTO has fallen by 18% in the same period, both experiencing a "surge and pullback" pattern. Additionally, RONIN has also shown a "surge and pullback" trend, with 24-hour declines of 14.55% and 13.46%. THE and BIO have also dropped by 16.51% and 15.12%, respectively. Meanwhile, RARE and RONIN have hit new lows today, with declines of 9.33% and 7.38%, respectively.
- 16:16Data: Jeffrey Huang (Machihuang) closed his ETH long positions at a loss of $738,000 and went long again with 2,100 ETH.According to ChainCatcher, on-chain analyst @ai_9684xtpa monitored that as ETH dropped to $2,900, Huang Licheng closed his ETH long positions at a loss, incurring a loss of $738,000. However, he went long again with 2,100 ETH (worth $6.18 million). After his account balance once rebounded to $3 million, it currently stands at only $227,000.
- 16:15Data: 1011 Insider whale deposits another 10 million USDC into Hyperliquid, goes long on 9,010.4 ETH with 5x leverageAccording to ChainCatcher, Onchain Lens monitoring shows that the insider whale 1011 has once again deposited 10 million USDC into Hyperliquid, and went long on 9,010.4 ETH (worth 26.8 million USD) with 5x leverage. The opening price was $2,959.4, and the liquidation price is $1,888.2.