Bitcoin rises to 6w5, encounters Mentougou compensation, how will the market go next?
The crypto market has experienced heavy volume and the overall market value has increased. Bitcoin fell slightly after rising higher, but the overall market value is still about 44 billion higher than yesterday. Altcoins have rebounded strongly and their market capitalization share has increased.
As the market fluctuates, transaction volume also increases significantly. Altcoin trading volume increased first, accounting for half of the market. Bitcoin transaction volume is second, and Ethereum is growing steadily.
In terms of capital flows, the market value of stablecoins on the market increased by 400 million. The market value of USDT increased by 227 million, and on-chain data showed an increase of 293 million. The transaction volume increased by 55%, and funds were active. Although the market value of USDC dropped slightly, the trading volume increased by 40.3%, indicating that funds in the US area are highly active.
Summarize:
The market is ushering in a small-level correction and changing hands, and the increase and changing hands in the upward trend are positive signals. Altcoins show stability amid rally. The large inflow of funds from Asia and Europe shows that investor sentiment is optimistic. Short-term corrections should not cause panic, and the market outlook remains positive.
Anyone who likes contracts or spot can come and play.
My positioning is very accurate, and all old fans know what the strength is.
#BTC #ETH #sats