Let the data speak: the market value decline has intensified, the decline has increased, stablecoins have intensified their positions, and pessimism has intensified!
I'm very sorry, I have to rush to collect some data at the airport. While the market is stable, I will compile and compare yesterday's data.
To be honest, I originally expected that today is a holiday in the United States, and the U.S. stock market will not open. The market will maintain low liquidity and volatility. At worst, it will hold the support of 58,000. I didn't expect that the support was fragile, and it fell directly and effectively and there was no rebound for the time being. This shows that the market sentiment is dominated by pessimistic shorts. So let's take a look at today's data.
First, the market value decline has intensified compared to yesterday. Yesterday's single-day decline of 85 billion was the peak decline in recent times. Compared with yesterday's data, today's decline has reached 103 billion, a single-day market value decline of 100 billion. At the same time, observing the market share, the altcoins did not avoid panic like yesterday, but instead intensified the decline. The share of Bitcoin increased slightly during the day, while Ethereum remained unchanged. The share of altcoins lost 0.44%, and the data showed a high share loss.
In terms of trading volume, the intraday trading volume reached hundreds of billions. Bitcoin and Ethereum altcoins all fell in large volumes. The downward sentiment is gradually being released. We hope to release the pessimistic and bearish sentiment as soon as possible.
From the perspective of funds, funds from Asia, Europe and the United States began to leave the market at an accelerated pace.
The total market value of stablecoins increased by 300 million.
USDT: The market value of the data website decreased by 80 million, but the official data website showed that the total number of USDT today was 112.484 billion, a decrease of 160 million compared to yesterday, which means that 160 million USDT left the market.
USDC: Market value increased by 367 million. However, according to the current market situation, combined with the 33.4% increase in USDC short-term trading volume, this market value increase came from the market after the end of the on-site trading. It should be because of the US holiday today that the funds did not flow out directly, but chose to stay in the market temporarily. However, the overall situation is still out of the market.
Looking at the market as a whole, the situation is not optimistic, with market value falling at an accelerated pace and funds outflowing at an accelerated pace. However, the only good news is that the large-scale decline will release more selling pressure in the short term. Once the selling pressure is released, it will help prices to gradually stabilize.
At present, Friday's non-farm data and unemployment rate are somewhat important. If the data is positive, regardless of how much of an increase it brings, it will at least stabilize the market. On the contrary, if it is negative, it may make sentiment more pessimistic.
The plane is about to take off. I hope the market can stabilize at the current position after landing tonight and not give me any more "surprises"
#BTC #BTC走势分析 $BTC
