哈鲁资本研究员：比特币量能并没有得到有效放大，DeFi仍是蓝海
```json { "translatedTitle": "Haru Capital Researcher: Bitcoin Volume Has Not Been Effectively Amplified, DeFi Remains a Blue Ocean", "translatedContent": "[This article was updated on October 10, 2020 on tuoniaox.com]\n\nHaru Capital researcher Dao Fa Zi Ran published an article expressing his views on the current market conditions and future trends. After a month of back-and-forth fluctuations, BTC successfully broke upward and effectively stood above the first resistance zone of 11,000. The current uptrend is relatively strong with continuously rising interval bottoms, but the only shortcoming is that volume has not been effectively amplified.\n\nThe catalyst for Bitcoin's significant gains over the past three days was the purchase of $50 million worth of BTC by U.S. payment giant Square, followed by its inherent upward demand after adjustment. Although the amount purchased by this company is not very large, the important significance of this move lies in institutional investors' recognition of the investment value of mainstream cryptocurrencies represented by BTC and their participation, creating a good leading effect. In the future, other institutional investors and more individual investors will also participate, gradually making cryptocurrencies a major investment and allocation category in capital markets. This driving effect on the long-term development and upside potential of mainstream cryptocurrencies is self-evident.\n\nBTC faces an important dense resistance zone at $12,000-$13,000 from the past two years. If it wants to break through effectively in the future, there must be obvious and sustained volume expansion. Additionally, more institutional and individual investors need to participate, with positive support from the macro environment and funding conditions, and technically through accumulation and consolidation with bulls completely controlling the market. Only then will BTC's upside potential truly open up, and a real super bull market will arrive, with other mainstream coins naturally following suit. From the current situation and trends, there are already signs of accumulation and initiation.\n\nDEX platform tokens UNI, SUSHI and DeFi mainstream tokens LINK, ADA, YFI, YFII, etc. have also recently shown signs of following with volume expansion and initiation. If they don't break new lows and rise steadily, then DeFi's popularity and investor participation confidence can continue. After survival of the fittest, good projects will continuously attract capital participation.\n\nOverall, mainstream cryptocurrencies and DeFi projects with application scenarios and technology are still a blue ocean - an investment market awaiting further development. Through continuous improvement and self-upgrading, their attractiveness and capacity are growing, and recognition is increasing. Cryptocurrencies will inevitably move to the center stage of capital markets.\n\nAuthor: Haru Capital Researcher Dao Fa Zi Ran\n\n---\nWith authorization from the editor-in-chief, tuoniaox.com has completely migrated all content to hashspring.com, and will continue publishing on hashspring.com going forward." } ```
```json
{
"translatedTitle": "Haru Capital Researcher: Bitcoin Volume Has Not Been Effectively Amplified, DeFi Remains a Blue Ocean",
"translatedContent": "[This article was updated on October 10, 2020 on tuoniaox.com]\n\nHaru Capital researcher Dao Fa Zi Ran published an article expressing his views on the current market conditions and future trends. After a month of back-and-forth fluctuations, BTC successfully broke upward and effectively stood above the first resistance zone of 11,000. The current uptrend is relatively strong with continuously rising interval bottoms, but the only shortcoming is that volume has not been effectively amplified.\n\nThe catalyst for Bitcoin's significant gains over the past three days was the purchase of $50 million worth of BTC by U.S. payment giant Square, followed by its inherent upward demand after adjustment. Although the amount purchased by this company is not very large, the important significance of this move lies in institutional investors' recognition of the investment value of mainstream cryptocurrencies represented by BTC and their participation, creating a good leading effect. In the future, other institutional investors and more individual investors will also participate, gradually making cryptocurrencies a major investment and allocation category in capital markets. This driving effect on the long-term development and upside potential of mainstream cryptocurrencies is self-evident.\n\nBTC faces an important dense resistance zone at $12,000-$13,000 from the past two years. If it wants to break through effectively in the future, there must be obvious and sustained volume expansion. Additionally, more institutional and individual investors need to participate, with positive support from the macro environment and funding conditions, and technically through accumulation and consolidation with bulls completely controlling the market. Only then will BTC's upside potential truly open up, and a real super bull market will arrive, with other mainstream coins naturally following suit. From the current situation and trends, there are already signs of accumulation and initiation.\n\nDEX platform tokens UNI, SUSHI and DeFi mainstream tokens LINK, ADA, YFI, YFII, etc. have also recently shown signs of following with volume expansion and initiation. If they don't break new lows and rise steadily, then DeFi's popularity and investor participation confidence can continue. After survival of the fittest, good projects will continuously attract capital participation.\n\nOverall, mainstream cryptocurrencies and DeFi projects with application scenarios and technology are still a blue ocean - an investment market awaiting further development. Through continuous improvement and self-upgrading, their attractiveness and capacity are growing, and recognition is increasing. Cryptocurrencies will inevitably move to the center stage of capital markets.\n\nAuthor: Haru Capital Researcher Dao Fa Zi Ran\n\n---\nWith authorization from the editor-in-chief, tuoniaox.com has completely migrated all content to hashspring.com, and will continue publishing on hashspring.com going forward."
}
```