Today's market interpretation: Before the opening of the US stock market, the market is still waiting for the outbreak of emotions, the sentiment of the cottage is stable, and the funds in the US area flow in slightly!
The data on Monday is only recorded, with little change and poor reference effect.
The overall market is relatively calm. Although #BTC☀ has fallen significantly, the entire market remains relatively calm, especially the cottage is not panicking at present, the market value has not fallen but has risen slightly, and the overall sentiment is not too bad for the time being.
In terms of trading volume,#BTChas shrunk significantly. The current low liquidity data is basically the same as on Saturday, with low liquidity and large fluctuations, which is normal. #ETH🔥🔥🔥🔥 cottage is not bad, and has not continued to shrink.
In terms of funds,
The market value of stablecoins increased by 200 million during the day and currently remains at 168.6 billion. I have a feeling that the funds may soon exceed 170 billion in the next one to two weeks.
USDT: The official website data is 116.886 billion, which is an increase of about 50 million compared with last Saturday, a small increase, and little fluctuation.
USDC: Data URL market value increased by 69 million. Combined with the transaction volume, it is an increase in inflow of funds. Of course, this inflow of funds does not mean anything.
Summary:
Although BTC's market, coupled with macro data, may enter a sensitive period of fluctuation this week, but the cottage temporarily maintained stability on Monday, which is not bad.
The detailed sentiment orientation still depends on the US area. Let's wait until the US stock market opens tonight. Focus on 3 time stages, 30 minutes after the US stock market opens, 30 minutes just after 0:00 in the morning, and 30 minutes before and after the US stock market closes. These stages of US trading time are most likely to fluctuate.
