Let the data speak: Capital sentiment continues to be depressed, and the altcoins have bottomed out and rebounded!
It's time for us to speak with data again. Today's unemployment rate data stimulated the rise of the opening of the US stock market. Currently, Bitcoin has started to rebound again under the leadership of the US stock market, but how is the sentiment in the rebound? Let's look at today's data.
In terms of market value, today's market value decline is smaller than yesterday. Bitcoin and Ethereum both have reduced market value, but the altcoin has seen an increase in market value today.
In yesterday's data statistics, we mentioned that the altcoins were in the beginning of the incremental stage yesterday, which means that the sentiment of the altcoins will be reversed, because the decline of Bitcoin is slowly accepted by the market. As long as it is a volatile decline, the altcoins will not panic too much. In today's data, the altcoins' market value increased, the market share increased, the market share of Ethereum remained unchanged, and the market share of Bitcoin altcoins further showed that the altcoins and Ethereum gradually walked out of the shadow of Bitcoin's volatile decline.
In terms of trading volume, compared with yesterday's trading volume, there was not much change, and it was slightly lower than yesterday's data. However, at the time of posting, Bitcoin rebounded again, and basically the trading data at this moment exceeded yesterday. In terms of data, the altcoins still have the best trading volume. When the statistics were collected, the trading volume of Bitcoin and Ethereum was lower than yesterday's data, and only the Shanzhai was higher than yesterday's data. The trading volume also shows that the Shanzhai sentiment has improved.
The funds are not optimistic today. The on-site funds increased by 200 million, and the net outflow of off-site funds was 355 million. The mainstream stablecoin Asian funds and US funds are both outflowing, of which Asian funds outflowed 202 million, and the fund chart showed frequent fluctuations, while the net outflow of US funds was 153 million. Funds outflow occurred in the early morning of the US stock market, and the pre-market funds of the US stock market again flowed out slightly today.
At the same time, the decline in the trading volume of funds indicates that the utilization rate, operation rate and liquidity of funds have deteriorated.
Although the current Bitcoin price has rebounded and the Shanzhai sentiment has improved, the funds are still a disadvantage. The outflow of funds, the decline in sentiment and the reduction in liquidity are not conducive to the short-term rebound of Bitcoin. Of course, the funds on the market are still sufficient, and there will not be a sharp decline due to the outflow of short-term funds. The outflow of funds only represents the deterioration of the mood and lack of confidence of some traders.
