Let the data speak: BTC/ETH share slightly swapped, altcoins - from outbreak to silence, be prepared!
Recording and comparing today's data, the market value is 2 billion different from yesterday, and the difference is basically negligible.
In terms of share, Bitcoin and Ethereum share slightly swapped 0.1%, and Ethereum's ETF narrative once again promoted the stability of Ethereum prices.
Overall, the biggest difference compared with yesterday's data is the trading volume. The overall market trading volume fell by about 26 billion, among which Bitcoin trading volume increased, Ethereum and altcoin trading fell, and altcoin trading volume fell by half.
In fact, from Monday's market to now, we can clearly see the fluctuation of altcoin trading volume, from the initial outbreak, increment, to the incremental turnover after the rise, and then to the current shrinkage, the overall market value of altcoins has not changed much, but the trading volume has gradually slowed down, and today it is called "monster coins" by many retail investors.
In fact, through this outbreak, from increment to silence, we can understand that the sentiment of the altcoin market is degenerating, from enthusiasm to calmness, and the rest is waiting and silence.
Of course, whether it will explode in silence or die in silence depends on the direction of tomorrow's PCE data. Of course, the GDP data later tonight can still bring some imagination space for tomorrow's data. We will get the final data later.
In terms of funds, the market value of USDT decreased by 185 million. Pay attention to the data on the USDT official website. Compared with Monday, the total amount of on-chain issuance decreased by about 200 million. The current total amount on the chain is 112.78 billion. USDC has basically not changed. By the weekend, we can get the change data of USDC in the recent week, which will be compared with last week.
In terms of funds, except for the reduction of USDT, there are no major changes.
Now the market is silent as a whole, waiting for data to activate the market. If there is a large fluctuation in GDP tonight, it may bring fluctuations to the market, but the core is still to wait for tomorrow's PCE.
