Let the data speak: the decline did not cause panic, funds gradually became active, and the market data was not too bad!
Although the CPI data last night was positive, the crypto market did not get out of the ideal rising state, but the subsequent decline was basically caused by the decline of US stocks. Although the market is not optimistic, the market data brings us different emotions. Let's take a look.
Bold assumptions, cautious analysis, welcome to Uncle Cat's crypto "channel"
Market value: The market value fell by 37 billion, #BTC/#ETH, and the cottage rain and dew were equally affected. The market share remained 0 change, indicating that in this decline, the market was driven by the decline of BTC, and there was no panic of excessive decline, and the mood was relatively stable and rational.
Trading volume: BTC/ETH cottage maintained a small increase, which was a normal increase between last night's fluctuations.
Funds: Stablecoin market value increased by 0
USDT: Data URL market value increased by 120 million, transaction volume decreased by 24%, official website data USDT total 112.368 billion, compared with yesterday's data increased by 1.09, and finally judged that Asia and Europe funds flowed into the market today.
USDC: Data URL market value decreased by 105 million, transaction volume increased by 15.79%. According to the transaction situation in the US area and the increase in transaction volume, funds participated in the transaction and bought tokens. This week's judgment on USDC can be verified by the official website tomorrow, and we can get the weekly data of USDC official website tomorrow.
Summary:
Although the market fell, it did not form a panic. The market data performance is more optimistic than the disk, especially Asia, Europe, and the participation of funds in transactions and reflux in the US area. This is a good thing for the stability of market sentiment. Yesterday's CPI greatly increased the probability of interest rate cuts in September. Although the market did not usher in a big rise, the sentiment has been relatively stable and gradually became less pessimistic. At the same time, the only hot narrative in the near future comes from#ETHETF, which also has a bonus effect.
I hope that the market will close well this morning, so that the cottage industry will be more active over the weekend and the optimistic mood can continue.
#BTC走勢分析 #ETH🔥🔥🔥🔥 $BTC
