market liquidity
1. Total cryptocurrency market capitalization and stablecoin supply. This week’s data on the total cryptocurrency market capitalization showed that it remained at $3.41 trillion from $3.41 trillion. BTC’s market share is 54.52%, and ETH’s market share is 12.56%. The total stablecoin supply, an important indicator of market health and liquidity, increased by $930 million, or approximately 0.5%, this week from $179.09 billion to $180.02 billion.
2. The potential purchasing power data in the exchange shows that exchange assets showed a net inflow trend this week, especially the large inflow of USDT after the US election. This phenomenon may be investors preparing for upcoming market fluctuations, and the inflow of funds into exchanges may mean increased buying demand in the short term. In addition, the highest single-day net inflow of funds on November 23 reached US$14.7 billion, surpassing the highest single-day net inflow of US$6.7 billion in the previous bull market, showing ample market liquidity.
3. Crypto News The overall sentiment in the crypto market this week is bullish, with Thena, Secret, and The Sandbox leading the way with increases of 1,548%, 108%, and 90.2% respectively, and mainstream currencies generally rose.
According to Blockchaincenter data, the current altcoin seasonal index is 63 (+30), showing signs of a rebound in the popularity of altcoins. $BTC