The market is showing multiple positive factors, optimistic about the future

1. Capital situation

In the past 24 hours, the supply of USDT has remained basically stable, while the supply of USDC has increased from 44.47 billion yesterday to 45.37 billion currently, an increase of 900 million coins, indicating a further acceleration in USDC supply.

The negative impact of MICA on the capital situation of the crypto market is beginning to weaken, and the capital situation in the crypto market continues to improve.

2. ETF buying

Bitcoin ETF: Yesterday, the net inflow of FBTC+ARKB+BITB+BTC totaled 650 million USD, a fivefold increase compared to the net inflow of 108 million USD on the previous trading day.

Ethereum ETF: Yesterday, the net inflow of FETH+ETHW+ETH totaled 66.1 million USD, a significant improvement compared to the net outflow of 56.1 million USD on the previous trading day.

ETF buying has clearly strengthened.

3. US buying

The discount rate of Coinbase Bitcoin has narrowed from over 0.2% a couple of days ago to the current 0.03%. After a period of stagnation of about half a month, signs of recovery in US buying are also beginning to appear.

4. Market sentiment

Funding rates and stablecoin borrowing rates remain low, and there is still significant potential for market buying, which is beneficial for the market to continue rising.

Overall, positive factors are starting to dominate the market, and we are optimistic about the subsequent performance of the market.