1. US BTC/ETH spot ETF data
September 11, 2024$BTC Spot goods #ETF✅ Net inflow -$43.97M (outflow);$ETH Spot ETF net inflows -$542.87K (fund outflows). (Note: IBIT updates)
2. Cryptocurrency Market Overview
2.1 Cryptocurrency Market Cap and Spot Trading Volume
The total market capitalization of cryptocurrencies is $2.04 trillion, with a 24-hour change of 1.40%.
The 24-hour spot trading volume was $72.25 billion, with a 24-hour trading volume change of 18.99%.
Bitcoin’s market share is 56.19%
Ethereum’s market share is 13.97%
2.2 Crypto Market Stability
The total market capitalization of fiat-backed stablecoins is $164.21 billion.
2.3 USDT and its market share
USDT.D:5.5%
Small cycle (1H/4H): short-term bearish;
The large cycle (12H/1D) is in the bullish track and the bulls are very strong.
3. Sentiment Index
Currently, the Greed Fear Index (FGI) is 31, and the market sentiment is Fear. The change of the Greed Fear Index in the past 24 hours is -6 points, and the 7-day change is +2 points.
The quarterly index of the alt is 33%, which continues to rise. You can pay attention to the alt, the index of the alt and BTC.D; the annual index of the alt has risen sharply to 39%.
4. Contract market data
Contract Open Interest
Total cryptocurrency contract open interest is $53.554 billion;
The total open interest of BTC contracts is USD 30.02 billion;
The total open interest of CME BTC contracts is USD 8.224 billion;
Total ETH contract positions: $10.519 billion
Contract liquidation data
The total amount of liquidation was US$136 million, with long orders liquidated at US$78.58 million and short orders liquidated at US$58.38 million.
5. Technical analysis of BTC market and strength and weakness of mainstream currencies
Large cycle: 1W/1D/12H
1W, bulls weakened, and now it is the 12th week of bulls weakening, and bulls are gradually weakening; the weekly bulls weakened and adjusted, and there is a rebound demand of 59600-59800 in the short term
1D, shorts strengthen, long-short dividing line (in space): 60900, long-short dividing line moves down. Shorts continue to accelerate the decline, and are currently facing resistance. The current price is between 57190-58290, and is about to break through 58290. The possibility of upward movement is very high, and there is a rebound demand, 1D long-short dividing line.
12H, short position weakened, left side buy point, 56800-57200
Small cycle: 4H/1H (intraday)
4H, bearish trend weakened, rebound position 59600 60456
1H bullish trend, yesterday it was supported by the short-term bullish support of 55600, and it is bullish today
Overall, the current market trend is that the short-term bull market continues to continue and strengthens, and the turning point from long to short is approaching. The specific situation depends on the market. The short market trend in the long term weakens.
5.2 Possible intraday trends
Diurnal direction:#多头
Intraday pressure levels: 58700, 59400, 59800, 60400
Intraday support: 57200, 57600
6/The strength and weakness of the main currencies today (BTC/ETH/SOL/BNB/PEPE)
