Let the data speak: Before the Fed's decision, bulls were discouraged, altcoins suffered, and funds declined! Recommended reading: ★★★

The market sentiment of the crypto market has been pent up. From the gambling on the job market last week to the gambling on inflation and the Fed's speech this week, the bulls lasted for a week, and finally they were discouraged in advance before the Fed's decision, and some bulls have begun to leave.

Compared with the data of last Saturday, the altcoin market was once again greatly sucked blood in a few days, while Bitcoin was still relatively resistant to declines, and its market value increased by 0.6%.

In terms of trading volume, it remained at around 90 billion during the day. Today's data was slightly enlarged after the Bitcoin decline in the morning, but the trading volume was basically the same as that of last week. In the past two weeks, the entire market has been waiting in a way of accumulating momentum under the bottom liquidity.

In terms of funds, the market value of stablecoins decreased by 300 million. Although USDT fluctuated greatly in a few days, it only had a net outflow of 34 million in the end, which was basically the same as last week. On the other hand, the market value of USDC US funds continued to decrease, and the current US funds decreased to around 320.

Although the ETF market continues to maintain an inflow, the funds in the US crypto market have been decreasing, and there has been no obvious capital return, which is indeed thought-provoking. Of course, the overall funds in the market are still sufficient, but the outflow of funds makes me feel that the sentiment of funds has deteriorated, which is not very friendly to the future market.

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