Market data comparison/interpretation: BTC continues to shrink, altcoins are active on weekends, trading volume surges, risk appetite gradually improves, and funds continue to flow into Asia, Europe, and the United States!
As BTC prices rise, the market value grows, but in comparison, BTC continues to shrink, and the intraday trading volume has dropped to around 20 billion. Of course, this may be due to weekend factors.
However, the altcoin market is gradually active on weekends. This is the first time in October that altcoins are active on weekends. The market value grows with BTC, and the trading volume rises instead of falling on weekends.
In terms of market share, the altcoin share has increased slightly, and the market risk preference has also gradually increased.
Funds flow:
The market value of stablecoins on the market increased by 400 million, and the current total is 173.6 billion.
USDT: The official website data is 120.113 billion, an increase of 176 million compared to Thursday, and the trading volume has also increased by about 47% compared to Thursday. Asian and European funds continue to flow in and actively participate in transactions.
USDC: Official website data, as of the week of October 17, USDC had a net inflow of 100 million, and the total amount of USDC on the chain reached 34.7 billion. The first significant return of funds in the US region after a large outflow in October, US funds have gradually returned to the market. At the same time, the official website data is data as of Thursday. According to the data website, there are still about 200 million funds in the US region on Friday and Saturday.
