1. The main market sentiment comes from BTC, which dominates most of the market, so the increase in BTC has been integrated into everyone’s basic concepts, and the direction of funds and major trading pairs are anchored to BTC.
2. The surge in trading volume last night brought the market value back to $2 trillion. The main reason was that BTC led to a general rise in altcoins. Last night, only two altcoins did not rise. However, yesterday's trading volume was $1 billion less than the previous day, indicating that the selling pressure has slowed down and the bulls are strong, which is a good thing.
3. Stablecoins continue to increase, with funds increasing by 300 million to 166 billion. Recently, stablecoins have been idle and have not directly participated in transactions, as if waiting for a callback.
4. Institutional Bitcoin ETFs such as BlackRock and Grayscale saw a net inflow of $194.6 million. There is a gap between the amount of funds flowing in and the amount of funds rising, which may have an impact on tonight's price.
Today is the last active trading day of the week. There may be large fluctuations in the evening, and there is a high probability that the market will fall and then pull up.
Currently, before the opening of the U.S. stock market, technology stocks turned from rising in the afternoon to falling.
Gold is currently rising. The reasons are either geopolitical tensions or interest rate cuts. Both are possible. The Russell 2000 closed up well in the early morning. The interest rate cuts were more obvious.
Currently, the 10-year U.S. Treasury bond yield continues to fall below 4% and is still hovering around this level. From the bond market's perspective, it is not blindly trading in interest rate cuts, indicating that some groups have noticed the potential risks.
If the U.S. stock market opens down tonight and then rises next week, maintaining high volatility, and accompanied by continuous arbitrage by institutional capital, then the risk point expectations mentioned earlier will still exist.
