Speak with data: Slow decline, is the stock market temporarily sucking blood from the crypto market? Recommended reading: ★★★

Compared with Thursday's intraday data, as the market macro heat faded, the market value fell again.

Ethereum appeared briefly in the market value decline, and the market value did not fall in the short term but rose instead. The proportion of Bitcoin and altcoins was temporarily absorbed by Ethereum. Ethereum's recent ETF trend stabilized the market value again.

The trading volume returned to the normal value within 2 weeks, and the altcoins still maintained a high level of activity.

The market value of stablecoins decreased by 200 million, the market value of USDT decreased slightly by 27 million compared with Thursday, and the market value of USDC increased by 107 million compared with Thursday's data.

The overall market value of the market fell, combined with the decrease in USDT market value and the increase in USDC market value, compared with Thursday's stablecoin market value missing 280 million gap.

Combined with the trend of USDC, the market value has a short-term increase from 2:30 in the morning and then the market value slowly shrinks. Then combined with the trend of US stocks, short-term funds may be absorbed by US stocks.

In the data statistics of the past few months, I have found that there is obvious mutual liquidity between the US funds during the US stock market and at the end of the trading day. Previously, funds often flowed back when the US stock market closed, and flowed out before the US stock market opened. Although the US stock market did not lead the crypto market in the short term, its linkage is still good, which may be an important factor for the stability of the crypto market in the future.

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