1.OUR NEWS

That Altcoin Joins Forces with Alipay: Exciting Development for Web3!

Smart contract platform called Avalanche (AVAX) is supporting a new web3-based gift card program for the Chinese digital payment platform.

Avalanche, an Ethereum (ETH) rival, states that local milk tea buyers, especially those who complete branded minigames on partner platforms, will receive web3-enabled vouchers in their e-wallets and receive discounts by using them on their purchases.


“Czechs offers discounts of up to 50% on milk teas at more than 500 stores of 10 popular milk tea brands in the region and continues to expand with more than 2,000 stores in progress.”

The program represents the first phase of a two-part concept. The second phase aims to include 100 million more users, including citizens of the Philippines, Singapore, Malaysia, Thailand and China who come to these countries as tourists.

Avalanche says the program will allow merchants to test web3 solutions that can improve relationships with customers and create new revenue streams.

“In addition, Alipay+ opens up the possibility of collaborating with other brands using D-store's Web3-enabled voucher program, digital collections, and other blockchain-powered features.”

2.OUR NEWS

Bitget Researcher Ryan Lee: Our Bitcoin April Expectations Are at 62,000-90,000 Levels

Crypto asset platform and Web3 company Bitget has published a report on what is expected to happen in April. The report prepared by Bitget researcher Ryan Lee touched on the possibility of bitcoin ( BTC ) being in the range of $62,000 to $90,000 in April.

Purchases by Wall Street since the SEC approved BTC spot ETFs have reached 200,000 BTC, pushing the price of the cryptocurrency to $73,000. It is estimated that the BTC spot ETF will be a factor that continues the flow of funds in April and this will increase the BTC spot price. 

Another important event in April will be the halving. Bitget Researcher Ryan Lee shared his views on the subject as follows:

• Bitcoin halving, which occurs approximately every four years, will take place in April this year. After the halving, the number of BTC entering the market daily will decrease to 450, while the annual token increase will be approximately 160,000.

• This figure is equivalent to the amount of purchases made by Wall Street in just 1 month. According to Lee, with Wall Street's continuous buying and the impact of the halving, the next BTC bull market will come early.

3.OUR NEWS

How to Follow the Speculation Frenzy in the Bitcoin Market?

If something happens once it's luck, if it happens twice it's coincidence, if it happens three times it's stability.

However, tracking the signs of these periods in the bitcoin ( BTC ) market requires examining and understanding complex indicators such as consolidated funding rates and social trends. Besides these, there is another surprisingly simple way: to follow the difference between the prices of next month and front month futures contracts traded on major exchanges such as the Chicago Mercantile Exchange and Deribit.

Front month represents the current month's futures contracts that will expire within the next month. For example, front month contracts for April are formed at the end of March. Next month refers to the futures contracts of the next month and are contracts that will expire later in the next month. For example, next month contracts for May are formed at the end of March. These terms are used in futures markets to indicate which month the contracts in a certain time period belong to. 

The futures term structure is generally upward sloping because contracts with longer expiry periods trade at a premium to shorter-dated contracts. However, according to Griffin Ardern, head of options trading and research at crypto finance platform BloFin, speculative sentiment is in good shape when the spread is high.


When the difference between these two types of futures contracts is large, investors' sensitivity to speculation is high and they are willing to pay high costs for long positions.

The same is true for CME's standard futures contracts of 5 BTC size, which is considered a benchmark for institutional activity.

The spread between next month and front month contracts listed on CME surged above $1,000 in late February 2021 and mid-October 2021, signaling a speculation frenzy. Thus, he predicted that the bull market would peak within a few weeks.