Let’s continue to pay attention to the 24-hour capital flow of the crypto market:
USDT: The current market value is 88 billion, with a 24-hour increase of 0.32% and a 24-hour increase of 280 million.
The 24-hour transaction volume increased by 40%, and the current transaction volume is 41 billion.
According to the trend chart, the increase in funds still started to increase intensively at 8:10 am. Although there was a slight outflow of funds after that, it was not significant.
USDC: The current market value is 24.52 billion, an increase of 0.24% in 24 hours, and a 24-hour increment of 58.8 million.
The 24-hour transaction volume increased by 70%, and the current transaction volume is 5.9 billion.
Because the 24-hour change in website data statistics is a fixed amount, last night we said that on the eve of the opening of the U.S. stock market, there was a large loss of U.S. funds. And according to the data chart, after the fund outflow at that time, U.S. funds have always been out of The status of inflow, since the outflow of funds last night, the inflow of funds has reached 100 million so far.
In fact, we can see from the changes in funds that Asian funds are firmly optimistic about the market, which has led to varying degrees of inflows of Asian funds, and an irregular amount of additional funds are issued to the market every day. On the contrary, U.S. funds. We talked about this topic before the U.S. stock market opened last night. The performance of U.S. stocks was too good, which is likely to cause a blood-sucking phenomenon in the crypto market. Sure enough, there was a large outflow of funds before the U.S. stock market opened. However, the performance of U.S. stocks also led to the rise of Coinbase stock, which once again stimulated the sentiment of U.S. crypto traders and allowed some funds to flow back from the United States. And in the early morning period, it directly pushed the Bitcoin price to attack around 37,780 again.
Through observing the situation of U.S. funds during this period, we can clearly see that U.S. funds are highly liquid and do not have enough firm confidence. The concept of speculation outweighing investment has led to the instability of U.S. funds.
The United States performed well last night, which drove the encryption market. It is also possible that tonight due to the poor performance of Coinbase stock, it will directly suck the blood of the encryption market. Therefore, for the current market, US funds are full of unstable factors.
Fortunately, the continuous entry of Asian funds has supported the currency price. The current Bitcoin price is testing 37,000 again. However, looking at the market activity during the day, although Asian funds have entered the market, they are still mostly in a wait-and-see mood. There is no doubt that the US stock and crypto markets tonight will be mainly wait-and-see, because in the early morning period The November monetary policy minutes were released in the early morning, and everyone is waiting for the results.
Is the crypto market, led by Bitcoin, breaking new highs and reversing the correction? Or will it continue to fluctuate and move towards a correction?
