Let the data speak: The altcoins encountered resistance again in the rebound, and the trading volume gradually increased.
Our data is compared with last Friday, which was the last normal trading day last week. Although Bitcoin fell on Friday night, the rebound this afternoon has basically smoothed out the market value loss caused by the decline on Friday.
However, as the market value fell and rose, the altcoins suffered a large loss. Although the altcoins rebounded in the short term on Saturday, they became weak again over the weekend. After a weekend adjustment, the market value share of Bitcoin increased significantly, and the altcoins suffered the largest market share loss. As the altcoins' share decreased, market sentiment gradually changed from risk-oriented to more conservative.
In terms of trading volume, the current trading volume is basically the same as Friday, and as we observe during the statistical data period, after Bitcoin broke through 62,300, the trading volume gradually increased, especially after the fall after the high of 63,000, the trading volume surged in the short term, indicating that the long-short game was strong from the breakthrough of Bitcoin to the current position. If the trading volume increases, as long as it does not fall below the key position of the daily line, the increase in trading volume is a good thing, and a large amount of turnover is easier to stabilize. However, once it falls below 62,300, the continued increase in trading volume will instead represent an increase in short-term selling pressure, which is a bad thing.
Therefore, under different trends, the increase in trading volume represents different situations.
The current performance of funds is not bad. At present, the retained funds on the market have decreased by 100 million, and the net outflow of mainstream stablecoins over the market is 21 million, with a small outflow. Among them, the net outflow of Asian funds is 0.66, and the data chart shows that the fluctuation is still large, the trading volume has increased, the stability of funds is poor, and the liquidity has increased.
The net inflow of US funds USDC is 45 million, and there is a short-term reflux. However, the volatility of US funds today also shows a large fluctuation. The trading volume has doubled compared with the weekend. Although liquidity has increased, the sentiment of funds has become less stable.
However, the overall net outflow of funds has decreased, which also represents the current mood of fund holders who are hesitating left and right. The market sentiment is unstable and needs to wait for the guidance of emotions.
The market sentiment that focuses on this week is the producer price index on Tuesday and the CPI data on Wednesday. Later, we will pay attention to the macro economy and news.
