Let the data speak: the trend-based sentiment gradually weakens, the market seeks new opportunities, and the inflow of funds from the US region has stopped!
Judging from today's market, the market is still in a critical stage of game, and the fluctuation range has obviously narrowed, and the sentiment has declined. We can also get the same answer from the data. The market value increase, trading volume, etc. have weakened accordingly, especially the sentiment of Asian and European funds and US funds has changed again.
Bold assumptions, careful analysis, welcome to Uncle Cat’s encrypted “channel”
Market value/share:
The intraday market value increase was only 5 billion, of which
#ETHmarket value increased slightly, while the market value of altcoins decreased slightly. In terms of market share, BTC increased by 0.1%, and the market share was sucked from altcoins. Altcoins were weak during the day.
Trading volume:
The overall transaction volume dropped to 21.1 billion, and the transaction volumes of BTC/ETH altcoins collectively declined. The market heat has obviously weakened.
Funding:
The total market value of stablecoins is 163.8 billion, an increase of 400 million within a day.
USDT: The market value of the data website increased by 340 million, the trading volume decreased by 24%, and the total official data was 113.632 billion, an increase of 379 million compared with yesterday's data. Funds are flowing into the market as a whole.
USDC: The market value of the data website decreased by 179 million, and the trading volume decreased by 21%. The official data has not been updated yet, but the current decrease in USDC's market value may be directly involved in the transaction. However, the continuous decrease in market value and the relatively calm market conditions clearly show that there has been no active inflow of funds from the US.
Summarize:
The game at a key position in the market is weakening as the event-driven market of Trump is weakening. This can be clearly seen from the market value and trading volume, especially the intraday weakness of the copycat stocks, which clearly shows the weakening of intraday sentiment.
However, judging from the positive inflow of funds from Asia and Europe, we can see that the confidence in the future market is still sufficient, so traders are still waiting for a new narrative to ignite the market, which will basically be next week. Although the inflow of funds from the US region has been temporarily suspended, this is actually understandable.
Through the U.S. stock market, we can see that the funds previously concentrated in technology stocks have begun to gradually change hands and leave the market and enter small and medium-sized enterprises, especially the Russell Index. At the same time, the Dow Jones Index is also rising. As Trump's chances of winning the election increase, expectations of a better U.S. economy are spreading, including expectations of interest rate cuts. This will lead to a large influx of funds into the small business sector in the U.S., especially in the current stage of poor liquidity. The heat of one market will inevitably cause a short-term outflow of funds or a suspension of inflows in another market.
Tonight's market fluctuations will still focus on the situation after the opening of the U.S. stock market.
#BTC☀ #ETH🔥🔥🔥🔥 $BTC
