Market Signal on January 7, 2025: Recovery of U.S. Buying, Positive Factors Continue to Dominate the Market

1. Liquidity

In the past 24 hours, the supply of USDT increased by 270 million (from 137.25 billion to 137.52 billion); the supply of USDC increased by another 240 million (from 45.61 billion to 45.85 billion); the total increase of USDT and USDC was 510 million.

Not only is the supply of USDC continuing to increase, but USDT also seems to have shaken off the negative impact of MICA, with a significant net issuance occurring for the first time in the past two weeks.

2. ETF Buying

Bitcoin ETF: Yesterday, the net inflow of FBTC + ARKB + BITB + BTC totaled 669 million, higher than last Friday's 650 million;

Ethereum ETF: Yesterday, the net inflow of FETH + ETHW + ETH totaled 4.6 million, a significant decrease compared to last Friday's 32.2 million.

Bitcoin ETF buying continues to strengthen, while Ethereum ETF buying remains unstable.

3. U.S. Buying

The Coinbase Bitcoin premium index has finally turned positive again, ending the sustained discount status since the 18th of last month, indicating a clear recovery of U.S. buying.

4. Leverage

It is noteworthy that yesterday morning, despite little change in price, there was a significant increase in the positions of Bitcoin and Ethereum.

Overall, positive factors continue to dominate the market, and the probability of the market continuing to rise in the short term is relatively high.