Let the data speak:#BTC/ #ETH The rise did not lead to the copycats to follow suit, and the funds flowed back. When will the copycats start? ?


Bitcoin and Ethereum rose again early this morning. So far, the market has stabilized. Let's take a look at today's market data before the opening of the U.S. stock market.
Because weekend data is relatively flat, we directly compare it with the data from last Saturday.

Trading volume: The total market growth was 48 billion, of which Bitcoin itself accounted for 31.159 billion, while Ethereum and altcoins each grew by around 8 billion.

Proportion: Bitcoin's share increased by 0.3%, while the market value of altcoins and stablecoins shrank, while Ethereum's market value share remained unchanged. Therefore, in today's rise, the main increase came from Bitcoin itself, and altcoins did not follow suit.

Trading volume: There was no increase in intraday trading volume compared to last Saturday, and the trading volume did not change much, with an overall slight decrease of 1.633 billion (I forgot whose article I saw in the afternoon mentioned an increase in volume, but the data comparison showed that this was not the case). Bitcoin and Ethereum trading volumes maintained a slight increase, and the altcoin trading volume decreased by about 3.5 billion.

In terms of funds: The total market value of stablecoins increased by 100 million, the market value of USDT increased by 108 million, and the data on the official website chain increased by 64 million (last Saturday's real-time data was 112.811 billion, and the current data is 112.875 billion)

USDC market value increased by 51 million. The official website data is not updated in real time. However, referring to the changes in trading volume, compared with last Saturday, the trading volume decreased by 17% again. The increase in funds is likely to come from OTC inflows (funds flowing in and out of the OTC market will not increase trading volume)

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From the perspective of the market as a whole, although Bitcoin and Ethereum brought about an increase, the proportion of altcoins decreased because altcoins did not follow the increase in time. This will be regarded as the market's risk preference being conservative. To put it bluntly, altcoin traders are still waiting for bullish signals. The simple increase in Bitcoin and Ethereum did not bring about altcoin buying effects.


Although the leading stocks have risen, the copycat stocks have not followed suit. The market is still unclear about the expected trend for this week. Although the bulls are beginning to emerge, it still depends on whether the opening of the U.S. stock market will bring positive results. At the same time, the game between the large and small non-farm data this week will also continue the heated discussion on whether the Federal Reserve will cut interest rates once or twice.


However, the ETF, which is potentially beneficial to Ethereum, has gradually brought back funds from the U.S., which is a good thing. The U.S. traders’ session will come soon in the evening. Let’s see what direction tonight’s U.S. traders will bring us!