Let the data speak:
Is it a reversal of sentiment or an oversold rebound? Liquidity increases, and US funds continue to flow back!
At 9 am on Monday, we welcomed not a continued decline in the Asian session, but a rebound in the market. At present, it can be clearly felt that the market sentiment is more optimistic than last week. Let's analyze this change through data.
Market value and trading volume analysis
Market value increase:
The market value increased by 40 billion US dollars, and the market value share of#BTCand#ETHremained unchanged. This shows that the market rebound is holistic, and the optimism does not come from Bitcoin or Ethereum alone.
Trading volume:
Although it has decreased slightly compared with last Saturday, compared with the trading volume of about 60 billion on normal trading days in the past two weeks, today's trading volume is close to 90 billion, showing a significant increase in market activity. This shows that after the pessimistic sentiment of selling pressure last week was released, market liquidity has improved.
Stablecoin analysis
USDT:
The data website shows that the market value has decreased by 22 million, and the official website chain data is 1122.009 billion, which is a decrease of 14 million compared with Saturday. Although funds continue to flow out of Asia and Europe, the overall magnitude has significantly weakened, and the reduction in capital outflow is a positive signal.
USDC:
The data website shows that the market value has increased by 136 million, and the current USDC has decreased by 29% compared with Saturday. US funds may continue to flow back after last Saturday. The official website data updated last Saturday showed that as of July 4, USDC was in a state of reflux. The return of USDC is a positive signal for market sentiment.
Summary
The current market sentiment on Monday is already a good start in the past two months. I hope this bullish sentiment can continue. Whether Powell's speech on Tuesday night will convey more positive sentiment will be one of the events we focus on. At the same time, the approval of the Ethereum ETF this week is also one of the potential factors for increased market liquidity. Let us continue to pay attention to market dynamics!
#BTC走勢分析 #ETH🔥🔥🔥🔥 $BTC
