1. US Stock BTC-ETF Data
This week, the total funds for US Stock BTC-ETF continued to flow in, with a total inflow of $447 million, a significant decrease compared to $2.174 billion during the same period last week.
After a high inflow of $638 million on December 16, the inflow of funds has steadily decreased, with outflows occurring for two consecutive days on the 19th and 20th.
The reason for this inflow and outflow of funds is twofold: on one hand, Bitcoin surged to around $110,000, prompting short-term profit-taking; on the other hand, with Christmas and New Year's approaching, market participants are also withdrawing funds.
2. 24-Hour Liquidation Amount Data - Using the daily liquidation data at midnight Beijing time for statistics. From the chart, we can see that when Bitcoin experienced significant price fluctuations from December 18 to 20, the total liquidation amount across the network was also high, with three consecutive days recording high liquidation amounts of $671 million, $981 million, and $848 million. The size of the total liquidation amount across the network shows a certain positive correlation with Bitcoin price fluctuations. Market investors should use futures and leverage wisely, operate cautiously, and control risks.
3. Total BTC Contract Open Interest Across the Network - Currently, the total contract open interest across the network has reached $68.966 billion, a decrease of $1.034 billion compared to $70.007 billion during the same period last week.
Among them, CME (Chicago Mercantile Exchange) has an open interest of $19.671 billion, which decreased by 6.16% in seven days.
Bitget exchange has an open interest of $13.695 billion, which increased by 2.4% in seven days.
Binance exchange has an open interest of $11.964 billion, which decreased by 5.8% in seven days.
After two consecutive weeks of increasing open interest, there has been a decline in contract open interest across the network. The drop in Bitcoin's price has led to a market downturn, liquidating a large number of contract positions. Investors need to remain rational and manage their positions and leverage properly.
4. Bitcoin Balance on Exchanges
From the chart below, we can see that the balance of Bitcoin on exchanges has continued to flow out over the past seven days. The exchange with the largest outflow is Coinbase Pro, which saw an outflow of 16,671.56 BTC last week and 14,258.56 BTC this week.
This week, the total outflow of Bitcoin is 15,712.93 BTC, compared to 36,929.86 BTC last week. The BTC balance in exchange wallets has decreased from 2,255,600 to 2,239,300 compared to the same period last week, a decrease of 16,300 BTC.
Bitcoin buyers are choosing to store their Bitcoin in wallets instead of on exchanges, both as a medium to long-term hold and to engage in on-chain interactions for new projects to gain greater profits.
5. Bitcoin Market Cap Ratio
This week, Bitcoin's price experienced extreme fluctuations, starting to decline from the high of around $110,000. The market cap ratio increased to 57.76% from 55.67% compared to the same period last week.
This indicates that the drop in Bitcoin has led to a decline in altcoins, while the altcoins have amplified the drop, resulting in a further decrease in the market cap of altcoins and pushing up Bitcoin's market cap ratio.
6. Greed and Fear Index
This week, the fear and greed index did not show significant fluctuations compared to the same period last week, with the index value still fluctuating around 80.
This week, the index value reached a high of 87 and a low of 73, remaining in a relatively greedy range. The overall decline in market prices has not triggered significant panic among investors. They need to remain rational and manage investment risks effectively.
