Today's market data interpretation: With the rebound of #BTC☀ , the altcoin is slightly hesitant. BTC trading volume increased significantly, and funds continued to flow in optimistically!
As we entered the second trading day of this week, the price of#BTCrebounded, and the market data finally improved.
BTC rebounded in the early morning, and the trading volume increased significantly. Sufficient turnover is more conducive to the short-term stability of prices. On the other hand, the altcoin lost its optimism on Monday and became a little hesitant.
The market value of the altcoin increased during the day, and the trading volume increased slightly. Today's performance was surpassed by BTC, and BTC's market share increased.
Optimistic inflow of funds:
The market value of stablecoins on the market increased by 300 million, and currently maintained at 171.2 billion.
USDT: The official website data is 118.369 billion, an increase of 174 million compared with yesterday, breaking the situation of small inflows of funds from Asia and Europe since last week. Today's capital inflow is relatively optimistic. However, the inflow of funds did not fully participate in the transaction, and the transaction volume increased by only 16%
USDC: The market value of the data website increased by 71 million, which can basically determine the inflow of funds. At the same time, the transaction volume increased by 21.89%, which is also a good flow.
Summary:
Today's data is relatively good compared with last week. The rebound of BTC has increased, which will make the trend more stable. Funds in Asia, Europe and the United States have begun to increase the inflow, which are all optimistic about the future market.
However, judging from the funds, the inflow of funds still chooses to settle in the market, and should still wait and see, just like today's cottage. BTC will rise first, and cottages need to observe carefully and continue to wait for the market direction after the release of this week's core data.
Tonight is still dependent on the sentiment of the US stock market.