Today's market data interpretation: Before Powell's speech, the market gradually became active in the shock, and the "one word came true" stablecoin fund fund is 170 billion!
Although the intraday#BTCmarket has worn out everyone's mentality, and the technical side has indeed not brought too many optimistic expectations, but in the market data, we can see more opportunities.
The market value has increased, the proportion of cottages has increased, the market risk sentiment has gradually improved, the trading volume has collectively increased, the trading sentiment and turnover have gradually increased, the stablecoin trading volume has increased year-on-year, and the utilization rate of funds has increased.
The daily increase in stablecoin funds is 600 million, and the current total amount is 169.7 billion. Yesterday we also said that this week may reach 170 billion, and it seems that it will be completed soon.
#USDT: The official website data is 117.426 billion, an increase of 134 million compared with yesterday, and the transaction increase is 45.28%, continuing to maintain the inflow posture.
#USDC: The data website shows that the market value has increased by 76 million and the transaction volume has increased by 32.27%, which is considered a good data this week. The increase in trading volume also indicates that traders are gradually active.
Summary:
As the market looks forward to Powell's speech tomorrow, although the market remains stable, it has gradually become active, and funds are flowing into the market at an accelerated pace, waiting for buying opportunities. Although it is still a stage of volatility, at least this gives us more hope for the future.
Of course, before seeing the beautiful spring scenery, we have to accept the test of the cold winter. Everyone can control their positions and wait for opportunities.
