Interpretation of today's market data: Alas, the data is not as optimistic as the market. After reading the data, I have even less confidence in the breakthrough!
As the title says, I looked at today's market data and I am a little less confident.
Although the market value has maintained an increase, the trading volume has obviously decreased, and the market heat and liquidity have deteriorated. Although the decline is not much, as a normal trading day on Friday, this decline has almost dropped to the level of Saturday.
The only optimistic thing is that the copycat is still relatively active, but how long can it last? It depends on the face of #BTC
Record funds:
The market value of stablecoins on the market has increased by 100 million, currently 171.5 billion,
USDT: The official website data is 118.326 billion, which is 51 million less than yesterday, and the trading volume has decreased by 40%. Asian and European funds have net outflows for the first time this week.
USDC: The data website shows that the market value has increased by 45 million and the trading volume has decreased by 18%. Let's be optimistic about the net inflow of funds. The official website will update the data tomorrow.
Summary:
Although I am still optimistic about the market, I think there will be a breakthrough to drive the market, but looking at the market data, it is indeed a bit sluggish.
Looking at the data alone, it seems that before the interest rate meeting next week, it will not be too optimistic. The market's attention has obviously decreased on normal trading days.
Let's look at the performance of US stocks tonight. At present, US stocks are still rising slightly before the market opens, but the focus is still on the situation in the second half.
