Today's data interpretation: The market fell, Asian and European deposits began to become active, and the decline of the cottage showed a wait-and-see mood!
Take a look at today's data, and verify the possibility of continued volatile decline mentioned in the interpretation of the market.
Market decline
#BTC☀ #ETH🔥🔥🔥🔥 cottage market value collectively fell slightly, among which the cottage decline was slightly weaker than BTC ETH, basically following the decline, and there was no panic.
The cottage wait-and-see mood is obvious
The cottage is accompanied by a significant decline in volume during the decline. Combined with the current market orientation and sentiment, it shows that traders are still in a wait-and-see mood, and the decline has not effectively stimulated buying. Of course, from this perspective, it can also be seen that the decline is not large, and it is not a panic decline.
The deposited funds in Asia and Europe began to be active
The market value of stablecoins has decreased by about 400 million for the first time since last week, and the current stock is 166.3 billion.
USDT: The market value of the data website has decreased by 308 million. The official website data record is currently 115.638 billion. The data has not changed from yesterday. The inflow of funds from Asia and Europe has stopped, and the deposited funds in the market have gradually begun to enter the transaction, so the market value of the data website has decreased by 300 million, accompanied by an increase in trading volume.
USDC: In contrast to the funds in Asia and Europe, the stock has increased slightly by 82 million, and the trading volume has decreased. The sentiment is not too optimistic, but the inflow of funds may continue.
Summary:
In the current volatile decline, the market has gradually adapted to the rhythm and expectations. The cottage has not panicked but has only kept falling. At the same time, the deposited funds in the market have begun to buy gradually, indicating that my previous guess was correct. Since last week, a large amount of funds have been deposited in the market for the purpose of bottom-fishing.
However, at present, only a part of the funds in the market have been moved, and more funds are still waiting for opportunities. This consolidates my guess in today's interpretation of the market. The market expects that the market will continue the trend of volatile decline.
