A key factor for the recent lackluster market performance is the tightening of capital liquidity⬇️
Last Saturday, when the market rebounded to a high, the circulation of USDT unexpectedly decreased by over 700 million, which directly caused the market to shift from rising to falling📉. Following that, yesterday, the supply of USDT decreased by another 88 million, leading to continued market sluggishness😢.
Today, the situation has improved, with the supply of USDT increasing by 112 million, indicating a rebound in capital liquidity, and the market has also shown a degree of recovery📈.
However, whether capital liquidity can sustain this warming trend still requires observation of subsequent market performance. Tomorrow is Christmas Eve, so I suggest everyone enjoy their food and drinks and relax for the holiday🎄.