Market dynamics and capital changes:
The current total market value of the market is 2.547 trillion, which is a decrease of 107 billion compared with yesterday’s market value.
The market value of Bitcoin is 1.2501 billion. Compared with yesterday’s market value, the market value decreased by 68.8 billion.
The market value of Ethereum is 405.1 billion, compared with yesterday’s market value, which increased by 17.56 billion.
The total market value decreased by 107 billion, Bitcoin and Ethereum decreased by 86.36 billion, and the rest was the 20.64 billion market value drop of the copycat belt.
Bitcoin’s market share is 49.1%, which is 50 basis points lower than yesterday’s share, and Ethereum’s share is 15.9%, which is 10 basis points lower than yesterday’s share.
In terms of transaction volume:
The total transaction volume was 130.2 billion, a decrease of 48.3 billion compared with yesterday.
Bitcoin is 43 billion, which is 17.5 billion lower than yesterday.
Ethereum is 21 billion, which is 13.58 billion lower than yesterday.
The total transaction volume of Shanzhai was 66.2 billion, a decrease of 17.22 billion compared with yesterday’s transaction volume.
Funding:
The total funds on the market are 149.6 billion, a decrease of 400 million compared with yesterday, and the funds accounted for 5.86%, an increase of 25 basis points compared with yesterday.
USDT: Market value is 104 billion, an increase of about 50 million compared to yesterday, and transaction volume is 82.7 billion, a decrease of 22.48%.
USDC: market value 31.9 billion, an increase of 230 million compared to yesterday, and transaction volume of 9 billion, a decrease of 24%
From today's data, we can see that with the decline of Bitcoin, Bitcoin and Ethereum themselves have a greater impact, while the impact of copycats is weaker. It seems that copycats have adapted to the rhythm of Bitcoin's correction.
It can also be seen from the market share that Bitcoin’s market share has dropped significantly today, directly decreasing by 50 basis points, followed by Ethereum’s decrease of 10 basis points, while the copycat market directly increased the market growth by 60 basis points. Although Bitcoin is still correcting, the mood of the copycats is relatively stable, there is no panic, and some copycats have even risen against the trend.
In terms of trading volume, the market has seen a sharp decline in trading volume, especially in Bitcoin and Ethereum, which has reduced bullish sentiment in the market. The transaction volume of copycats has not decreased significantly, and copycats are still partially active today.
In terms of funds, the retained funds on the market decreased by 400 million, and the over-the-counter funds inflowed by 280 million. In other words, under the premise of the current decline of Bitcoin, there are still 680 million funds directly involved in transactions.Of course, in this regard, it may be that Bitcoin funds came out and directly bought the copycat. From this, we can understand that although traders are currently indifferent to Bitcoin, they still have confidence in the market.
Tonight, Bitcoin will experience its last rebound opportunity this week. If US traders cannot bring about a rebound today, or Bitcoin cannot pull back in place, then the weekend altcoin may be depressed by sentiment. Of course, there may be changes in some sectors, but these changes are often short-lived.
On the other hand, if Bitcoin is driven by American traders to rebound tonight and stabilizes at the middle line of the daily Bollinger Bands, the market sentiment will improve, or if it completely falls to 60,000 tonight, the trading volume increases, and the opportunity market buys, then the weekend There will be more opportunities for copycats.
