Market data interpretation: The weekend is quiet, data recording, focus on the flow of funds! A large amount of funds are flowing back and settling!
The market was calm on Saturday. Let's record the market data. The market value fluctuated slightly and the overall trading volume decreased by 30%. Let's focus on the capital situation. The USDC official website data was updated today.
The market value of stablecoins increased by 200 million during the day and currently remains at 166.2 billion. Compared with 163.6 billion last Saturday, the on-site capital deposits increased by 2.6 billion in a week, which is a large increase in funds in a single week.
#USDT: The official website data is 115.659 billion, an increase of 257 million compared to yesterday. Asian and European funds continue to flow into the market. Compared with the official website data of 114.542 billion last Saturday, the funds increased by 1.117 billion in one week.
#USDC: According to the official website data, as of August 8 (Thursday), USDC issued 3.9 billion, destroyed 2.3 billion, and had a net increase of 1.6 billion. According to my records, the market value of the USDC data website on August 2 was 32.927 billion, compared with the record of 34.578 billion on August 8, the market value recorded by the data website increased by 1.651 billion, which is basically consistent with the additional issuance data.
The growth position of funds from August 9th to date, according to the data website records, as of today, the USDC market value is basically not much different from that on August 8th. It is possible that subsequent funds directly intervene in transactions and enter the market.
Through the above data comparison, we can see that there is a large inflow of funds from Asia, Europe and the United States. According to the data obtained, a total of 2.717 billion funds flowed in, and the total funds of stablecoins on the market increased by 2.6 billion, indicating that the 117 million funds we know are directly involved in transactions and enter the market. At the same time, the funds of USDC in the United States from Thursday to now cannot be queried in real time. At present, according to the market, they have also entered the market for transactions. At the same time, there are inflows of other stablecoins, which are the main financial forces driving the rebound of the market value.
However, it should be noted that a large amount of funds flowed into the market that week, reaching 2.717 billion, and it is known that 2.6 billion of them remained in the market. Although a lot of funds have entered the transaction, as#BTCcontinues to rebound and rise, more and more funds are deposited in the market. Why is this?
Are these investors waiting for BTC prices to improve before buying? Or are they waiting for something else? Buying at the bottom? Or? I think this is a question worth thinking about, and it is also the issue I have been focusing on this week.
Although a large amount of funds have flowed in, it represents the optimistic attitude of fund holders towards the crypto market. But is this optimism for the present? Or for the future? If it is the latter, does it mean that the holders of the deposited funds are waiting for a buying opportunity? I don’t think they are waiting for a high price! ?
#BTC☀ #ETH🔥🔥🔥🔥 $BTC
