1. US BTC/ETH spot ETF data
On September 9, 2024, the Bitcoin spot ETF had a net inflow of $28.72M (capital inflow); the Ethereum spot ETF had a net inflow of -$5.20M (capital outflow).
2. Cryptocurrency Market Overview
2.1 Cryptocurrency Market Cap and Spot Trading Volume
The total cryptocurrency market cap is $2.00 trillion, with a 24-hour change of 3.14%.
The 24-hour spot trading volume was US$68.154 billion, and the 24-hour trading volume change was 39.47%.
Bitcoin’s market share is 56.06%
Ethereum’s market share is 14.08%
2.2 Crypto Market Stability
The total market value of fiat-backed stablecoins is $163.797 billion
2.3 USDT and its market share
USDT.D:5.69%
Small cycle (1H/4H): short-term bearish;
The large cycle (12H/1D) is in the bullish track and the bulls are very strong.
3. Sentiment Index
Currently, the Greed Fear Index (FGI) is 33, and the market sentiment is Fear. The change of the Greed Fear Index in the past 24 hours is +7 points, and the 7-day change is +7 points.
The quarterly index of altcoins is 24%. You can pay attention to altcoins, the index of altcoins and BTC.D. The annual index of altcoins has risen sharply to 37%. It is not altcoin market at present. You can pay attention to
4. Contract market data
Contract Open Interest
Total cryptocurrency contract open interest is $53.111 billion;
The total open interest of BTC contracts is USD 29.81 billion;
The total open interest of CME BTC contracts is USD 8.082 billion;
Total ETH contract positions: $10.479 billion
Contract liquidation data
The total amount of liquidation was US$127 million, with long orders liquidated at US$32.53 million and short orders liquidated at US$94.30 million.
5. Technical analysis of BTC market and strength and weakness of mainstream currencies
5.1 Analyze BTC market in multiple time periods
Large cycle: 1W/1D/12H
1W, bulls weakened, and now it is the 12th week that bulls weakened, and bulls gradually weakened; a selling point was formed, and the selling point was formed again. The selling point range is 57100-59300.
1D, shorts weakened, long-short dividing line (in space): 61002, long-short dividing line moved down. Shorts continue to accelerate the market, and currently in this cycle, the rise is still profit-taking.
In the 12H, the short position weakened and it is difficult to reverse the current short trend in the short term
Small cycle: 4H/1H (intraday)
4H, bearish trend weakens
1H bullish trend, short-term bullish support 55600
Overall, the current market trend is bullish in the short term, while bearish in the long term is weakening.
5.2 Possible intraday trends
Intraday direction: Oscillation, range 55900-57700
Intraday pressure level: 57100, 57700
Intraday support: 55621, 55840
#BTC走势预测 $BTC