Let the data speak: Copycats gradually become active over the weekend, and the overall market is rising with shrinking volume. You need to be wary of turnover after a breakthrough!
As for the weekend, this week may be an important and active weekend. Trump will speak at the US Crypto Conference at 3 am tonight, and the market is waiting. Let's see what the data is like today.
Market value/share:
The market value increased by 38 billion, with#BTCand altcoins accounting for half each, and #ETH's market value increased slightly.
In terms of proportion, the proportion of BTC and ETH remained unchanged, while the proportion of altcoins increased slightly.
Trading volume:
Compared with yesterday's trading volume, it decreased by about 32 billion, and the BTC ETH altcoin trading volume decreased by about 10 billion each.
funds:
The total market value of stablecoins increased by 200 million, currently 164.6 billion.
USDT: The market value of data from the data website decreased slightly by 0.11 billion, and the official website data was 114.329 billion, an increase of 0.45 billion compared to yesterday. Funds from Asia and Europe are now beginning to flow in.
USDC: Data website market value increased by 344 million. According to official data, as of the week of July 25, the weekly funds increased by 100 million. Judging from the increase in USDC market value today, as the market value increased, the trading volume dropped sharply by 22%, which can be regarded as an inflow of funds.
The USDC situation is basically the same as I recorded before. In the early stage of this week, USDC had less inflows and even outflows. However, after Thursday, July 25, expectations of interest rate cuts increased due to economic data, and Trump's participation in the Crypto conference over the weekend led to the return of US funds.
Summarize:
As it was a hot Saturday, the market value did increase, but the trading volume was not as good as last Saturday, so the current market data increased with a shrinking volume.
Although there has been an inflow of funds from Asia, Europe and the United States, waiting for the weekend market to start, this kind of shrinking volume increase still requires us to pay attention to the larger fluctuations caused by high-level turnover.
To put it bluntly, the current bullish force has the upper hand, but it does not mean that there is no selling pressure. The seller's market may be waiting for a high point, so if there is a rise and breakthrough tonight due to Trump's remarks, pay attention to the short-term fluctuations caused by the selling pressure and turnover above, especially pay attention to the long and short turnover, whether the price can stabilize.
