The market has become active after the first trading day following the holiday, with a significant increase in market capitalization after three days. In terms of market share, altcoins have seen a substantial increase, while #BTC's share has weakened, and #ETH's share has also slightly decreased. Market risk appetite has surged in the short term.

In terms of trading volume, overall trading volume has increased, with BTC trading volume remaining the same as Monday, maintaining a reduced upward trend, and short-term selling pressure has weakened. ETH trading volume has slightly increased, with a higher turnover rate compared to BTC. Altcoin trading volume has increased by 33%. As the overall market rises, the sentiment for altcoins is temporarily unstable. The increase on the first day has led to a higher turnover rate; if it continues to increase with reduced volume, it could be a great opportunity for altcoins.

In terms of capital, the market's stablecoin market capitalization has decreased by 1 billion, currently standing at 209.5 billion.

USDT: Official data shows 137.432 billion, unchanged from yesterday. After two weeks of net outflow, USDT in the Asia-Europe market has seen a pause in outflow for the first time, which is considered a positive development.

USDC: Market capitalization has increased by 324 million, with an increase in activity rate. Currently, USDC remains the main driving force behind the rise of BTC and ETH.

Summary:

With the market rebound, risk appetite has surged in the short term. Although it seems optimistic, it still belongs to incremental growth. We need to pay attention to the trading situation on the following Friday and the performance over the weekend to distinguish whether BTC is driving the overall market rebound or if it is an opportunity for altcoins to explode.

Nevertheless, the pause in outflow of USDT in Asia-Europe is also a positive development. Although the market maintains sufficient capital accumulation after two weeks of net outflow, the pause in outflow indicates a return of confidence. If altcoins continue to rebound over the weekend, there will undoubtedly be opportunities for altcoins during the Lunar New Year.