Let the data speak: Funds in the US region frequently change hands, incremental funds flow in from Asia and Europe, differences appear in the direction of fund flows, and copycats are active!
Earlier we mentioned that weekends are for
The assigned homework, BTC price trend has been successfully completed, so let’s check the weekend’s copycat activity. At the same time, the USDC official website data was released today, let’s take a look.
Market value/share:
The intraday market value increased by 79 billion, mainly concentrated in the early hours of Friday morning.
The proportion of BTC increased, while #ETH's market capitalization share decreased despite the sentiment of ETF approval next week, and the proportion of altcoins increased slightly.
Trading volume:
Compared with yesterday, the trading volume increased slightly, still from the trading boom in the early morning. BTC/ETH increased significantly, and the altcoin trading volume remained relatively flat.
funds:
The total market value of stablecoins increased by 700 million, which is the largest single-day market value increase in recent months.
USDT: Data website market value increased by 241 million, official website data USDT 113.877 billion, an increase of 181 million compared with yesterday, trading volume slightly weakened, funds continue to flow in positively, and maintain a good level of activity. Crypto sentiment in Asia and Europe is good.
USDC: The data website's market value increased by 372 million, and the trading volume decreased by 15.4%. The official data was updated on Saturday.
As of Thursday, July 18, USDC market value decreased by 200 million in one week, and increased by 900 million in one month, indicating that USDC funds were outflowing as of this Thursday. This is completely different from the data of the previous cycle, which ended on July 11. The data of the previous cycle showed a weekly increase of 1 billion USDC funds, while this cycle showed capital outflow, and the US funds showed a relatively unstable situation, and the liquidity was also very high.
However, according to today's data, the trading volume has decreased and the market value has increased significantly. This should be because USDC is flowing into the market. After all, there are many driving events next week and American traders are not stupid.
Summarize:
Overall, the market conditions on Saturday were good, especially the rise of BTC in the early morning led to a good increase. Although the altcoins did not usher in a carnival, it can be seen that the daily market value increased by 20 billion and the trading volume remained the same as yesterday, indicating that the buying power of the rise was gradually strengthened. At the same time, the market share increased slightly. Although it cannot be regarded as a altcoin carnival, it is also a good level of activity.
As for the funds, we can see that the continuous inflow of funds, especially the rapid return of funds with liquidity in the US, also proves that we expect various events next week to have a boosting effect on the market. The most exciting time of this month is next week, not only for cryptocurrencies, but also for US stocks.
#BTC☀ #ETH🔥🔥🔥🔥 $BTC
