Today's market data interpretation: #BTC☀ , rising with shrinking volume,#ETHis temporarily abandoned, and funds in Asia and Europe are abnormal!
The market rebounded on the third day of low liquidity, and BTC and the copycat rose with shrinking volume. ETH was temporarily abandoned in this rebound. Not only did it not rise, but it also fell slightly, and the market share was seized by BTC.
Overall, it is currently a shrinking rise, especially BTC ETH has a significant shrinking volume, and the copycat activity is slightly better. According to convention, if there is no volume, you should be careful of high selling pressure.
In particular, pay attention to today's market trading volume, which is the lowest day in the three-day bottom flow since Saturday, that is, in the past 24 hours, the trading volume is lower than that on Saturday and Sunday.
Funding focus:
The market value of stablecoins on the market remains unchanged, and continues to maintain a market value of 171 billion.
USDT: The official website data is 118.141 billion, which is 88 million less than Monday. At the same time, with the overall shrinking market volume, USDT trading volume has increased by 10%, and USDT has also seen net outflow of funds for the first time recently.
USDC: Data website shows that the market value decreased by 34 million, and the trading volume decreased by 23%.
Summary:
At present, the volume is shrinking and rising. Bulls need to pay attention to risks in the breakthrough, especially the release of selling pressure at key positions, which is a test of the buying power of the market.
Asian and European funds have recently experienced net outflows for the first time, from 0 inflows last Saturday to net outflows on Monday. At present, the sentiment is not high. Of course, the short-term outflow is small and there is no panic. Continue to observe for the time being. If the net outflow is continuous, you should be alert to trading sentiment.
