We will review the situation of the cryptocurrency market this week through#coinank the above several indicators.
1. US Stock BTC-ETF Data
This week, the total funds for US stock BTC-ETFs have continued to flow in, with total inflow reaching $2.775 billion. As seen in the chart below, since the US stock market opened on December 2,#ETF the funds have been continuously flowing in, with the largest inflow from BlackRock's#ibit which has accumulated over $33 billion in inflows.
The continuous inflow of ETF funds has indirectly driven up the price of Bitcoin, with #BTC's price breaking through the $100,000 mark this week.
The ongoing inflow of funds also shows that institutional investors remain optimistic about the future value and price increase potential of Bitcoin.
2. Exchange Bitcoin Balance
From the chart below, we can see that the Bitcoin balance on exchanges has continued to flow out over the past seven days, with Coinbase Pro being the exchange with the largest outflow, 20,266.05 last week and 19,000.92 this week.
The total amount of Bitcoin flowing out this week is 12,584.1, compared to 33,775.79 last week. The exchange wallet BTC balance has decreased from 2,266,400 last week to 2,253,800 this week, a year-on-year decrease of 12,600.
The amount of Bitcoin on exchanges continues to flow onto the chain, which is a good thing. On one hand, it reduces selling pressure on exchanges, and on the other hand, it indicates that more and more investors are optimistic about the future value and price increase potential of Bitcoin.
3. Total BTC Contract Open Interest
Currently, the total contract open interest across the network has reached $67.648 billion, an increase of $2.539 billion compared to $65.109 billion in the same week last year, which is within the normal fluctuation range.
Among them, the CME (Chicago Mercantile Exchange) still ranks first in open interest, accounting for 28.99%, Bitget ranks second with 21.02%, and Binance ranks third with a share of 18.28%.
As Bitcoin's contract open interest increases, the risk also escalates. Investors need to remain rational and manage their positions and leverage carefully.
4. Greed and Fear Index
This week's Fear and Greed Index has decreased somewhat compared to the same period last week, with the index fluctuating around 80.
Although Bitcoin broke through the $100,000 mark this week, the index did not rise significantly, with a weekly high of 84 and a low of 72, still within a relatively greedy range. Investors need to remain rational and manage investment risks.
5. 24-Hour Liquidation Amount Statistics
From the chart, we can see that when Bitcoin's price fluctuates significantly this week, the total liquidation amount across the network also tends to be large. However, when Bitcoin is oscillating at high levels, the total liquidation amount shows a noticeable decline, but the overall liquidation amount remains high. Investors still need to pay attention to the risks brought by Bitcoin price fluctuations.
6. Bitcoin Market Capitalization Proportion
The chart shows that Bitcoin's price has been fluctuating at high levels this week, with the market capitalization proportion decreasing to varying degrees compared to the same period last week, dropping from 55.97% on December 1 to 53.91% on December 7.
Ethereum, Ripple, and other large-cap altcoins are experiencing a rebound, while smaller market cap altcoins are surging even more. The rotation of altcoins continues, and their market capitalization is rapidly increasing.
