mux

Chinese crypto analyst Banmuxia stated in a post last night, "Concerns about the AI bubble have persisted for some time and are nearing full pricing. Worries about Japan's interest rate hikes have led to a recent stagnation in the market, which is also close to full pricing. The Federal Reserve has begun expanding its balance sheet, improving liquidity. The not-so-bad non-farm payrolls have widened the space for rate cuts without leading to a trading recession.Now, it is very likely that this is the best time to buy risk assets (Bitcoin, S&P, CSI 300) in the medium term (the next 1-2 months). In the next year or two, concerns about the AI bubble may periodically arise, each time causing partial market pullbacks, and every pullback is an opportunity, until the market crazily believes this time is different!"

Chinese cryptocurrency analyst Banmuxia stated, "In terms of Bitcoin's daily chart, the MA5, MA10, and MA30 have formed a golden cross, thus creating a subsequent support area in the range of $90,500 to $91,300.If you have previously gone long on Bitcoin in the range of $89,000 to $90,000, $98,000, $103,300, and $112,500 can be considered as planned take-profit points, adjusting judgments based on market dynamics. However, the take-profit levels are no longer suitable entry points for going long, as the risk-reward ratio is very low."

The Chinese crypto analyst Banmuxia stated, "Bitcoin's market since August may be in a platform structure, and the current C wave could be a terminal wedge. This platform may constitute the entire adjustment's W wave. Around $108,500 to $110,000, there may be a high-risk-to-reward shorting opportunity. If the subsequent trend makes a new low around $95,000, it is expected to form a three-part bottom divergence, and combined with the complete end of the platform structure, it may initiate a Y wave rebound, targeting a rise above 0.7 of the W wave height, at which point there may be a quality long opportunity. The above are all predictions and need to be gradually verified in trading."

According to ChainCatcher news, monitoring by Lookonchain shows that Mechanism Capital co-founder Andrew Kang seems to be using 100x leverage to long or short BTC and ETH on MUX Protocol. He has traded a total of 8 times, getting liquidated 7 times, with a loss of $377,000. (source link)

ChainCatcher news, the leverage trading aggregator MUX Protocol has announced its launch on the Scroll testnet. Currently, MUX Protocol supports Arbitrum, Avalanche, BNB Chain, and Fantom. (source link)

According to ChainCatcher news, statistics from Dune user defimochi show that the total trading volume of the top 5 perpetual contract trading platforms on Arbitrum (GMX, Rage Trade, Cap Finance, MUX, Mycelium) has reached $11,137,261,284, with a total user count of 51,665. (source link)

ChainCatcher news, zkSync has released the latest developments in its ecosystem, including: the cross-chain infrastructure Celer Network has integrated with the zkSync 2.0 testnet, confirming the addition of asset bridging and messaging in zkSync's Fair launch Alpha; the multi-chain native DeFi protocol of MUX Protocol is now running on the zkSync 2.0 testnet;Pocket Network confirms that its incentivized node runner network is about to enter the zkSync ecosystem; depocket.com announces that its users can track zkSync's staking balance on its DeFi dashboard product; optimizations related to the self-hosted Web3 wallet BlockWallet, etc. (source link)