Interpretation of today's market data: Before the macro narrative, the market was "silent", and funds continued to increase in the market!
Today's data is a record, there is not much focus, the basic market is fluctuating with the fluctuation of #BTC☀ , the cottage sentiment is better, there is no panic, and it remains stable.
Focus on today's hot topic funds:
The total market value of stablecoins on the market is 169.1 billion, with an increase of 200 million on the day,
USDT: Official data is 117.294 billion, an increase of 301 million compared with yesterday, and a slight decrease of 8% in trading volume
USDC: The data website gives data that the market value decreased by 179 million, and the trading volume decreased by 16%, and some funds may flow out of the market.
In terms of funds, we did not see the situation of issuing 1 billion#USDTas everyone said on the Internet today, but the growth of USDT every day in recent days is still very obvious, with hundreds of millions of inflows every day, and the funds on the market are likely to reach 170 billion in stock this week. At the same time, compared with the current official stock of USDT and market data, some funds have actively participated in transactions.
However, the current funds in the US are not clear enough, and there is a preliminary suspicion of outflow, which is not too optimistic. Of course, the existing stock is still sufficient.
Regarding the online rumor that USDT will issue 1 billion today, combined with the recent growth in USDT's market value, it is indeed more optimistic, but for the current market, it is still necessary to refer to the US funds and the sentiment of traders. Although the funds in the Asia-Europe region are sufficient, the sentiment is not enough to support the booming market.
