Comparison of weekend data: Before the interest rate meeting, funds flowed in at an accelerated pace, and the situation was optimistic. After the interest rate meeting, did funds enter the market directly? Or wait for a decline?
Let's compare Saturday's data with Friday's. The market value increased, the trading volume increased, and the proportion of #BTC☀ increased again.
Although the proportion of copycats did not increase, the activity was high on weekends, and the increase in trading volume completely accounted for today's increase.
Focus on funds, US funds data updated today:
The market value of stablecoins on the market increased by 600 million during the day, and currently remains at 172.1 billion.
#USDT: Official website data is 118.581 billion, an increase of 255 million compared to yesterday, and the trading volume increased by 54%. Funds were extremely active on weekends. The single-day inflow is the largest value this week.
#USDC: Official website data, as of September 12 (this Thursday), the single-week fund increase reached 500 million, which is basically the largest single-week increase since late August.
At the same time, the data website shows that today's market value increased by 357 million and the transaction volume increased by 1.216 billion. Referring to the data as of Thursday, we can see that the funds in the US are still flowing in, and the inflow rate is increasing.
Summary:
Before the interest rate meeting, we noticed that funds flowed into the market in large quantities over the weekend. This is a good thing. At least they think that the interest rate cut is an opportunity for funds.
However, what I am more puzzled about is that if the interest rate will not fall after the interest rate cut, will these large amounts of deposited funds choose to buy directly? Or continue to wait for deposits? Or go to the derivatives market?
What answer will the funds give us next week? I think this will be very interesting.
