Let the data speak: The long-short game continues to change hands, funds are pouring in at an accelerated pace, and US funds may be "diverted" in the short term!
In terms of the market,#BTCcontinues to be at a key position in the game. The market sentiment is still good, but BTC still needs more momentum to rise. Let's take a look at what answers the data brings us.
Bold assumptions, cautious analysis, welcome to Uncle Cat's "Crypto" channel
Market value/share:
The single-day increase in market value is 380, which is weaker than yesterday. Among them, Bitcoin accounts for the main growth, followed by the cottage market. In terms of share, Bitcoin/Cottage A small increase of 0.1%, Ethereum's share slightly weakened.
Trading volume:
Compared with yesterday, the difference is not big, which belongs to normal trading volume. Combined with the market, it is a good thing to maintain such a trading volume. It is still the same point of view. The game and turnover in the core position will help price stability and better outbreak later. Among them, Bitcoin transactions increased, the game is mainly in Bitcoin itself, and the trading volume of Ethereum copycats weakened.
Funding:
The total market value of stablecoins continued to increase by 200 million, and the current stock is 163.4 billion.
USDT: The market value of the data website increased by 444 million, and the official website data stock was 113.234 billion, which increased by 372 million compared with yesterday. The overall funds are in the state of incremental inflow, which is a good thing.
USDC: Data website funds are basically temporarily No fluctuations, trading volume slightly declined, official website data will be updated on Saturday, US crypto funds may be diverted by US stocks and other markets in the short term, but this is not too pessimistic, after all, there are ETFs for US capital inflows.
Summary:
The overall market is still looking at the game of Bitcoin. At present, the trading volume is good, the inflow of funds from Asia has increased, and there is sufficient capital in the market. There is no need to worry about insufficient funds. In addition, the inflow of funds in the Asian market represents full confidence. The cottage industry has gradually become more active, which also represents the gradual relaxation of risk appetite.
Although the funds in the US area are temporarily diverted, there is still an ETF channel. The market is basically in good condition at present, waiting for the narrative to be ignited again.
