Compared with Thursday's data, it has pumped for two consecutive days, still shrinking, and funds have returned to inflow.



Although we missed Friday's statistics, due to the time difference in the United States, our Saturday data can still see a good continuation of Friday's data.

Judging from today's data, with the Bitcoin price rebound on Thursday and Friday, although short-term Bitcoin returned to optimism, but for the market, traders are not so optimistic on the surface.

Although the price Rebound of Bitcoin has driven the rhythm of the market as a whole, from the perspective of pump, the proportion of Bitcoin has increased, on the other hand, in Ethereum, the proportion of altcoin and stablecoin has drop, and the market sentiment has weakened from risk-based to conservative sentiment again.

And on Thursday we mentioned a point that although the pump in shrinkage represents the weakening of the strength of the shorts, there is also the possibility of a technical rebound. On Saturday, two days later, compared with Thursday's data, the volume is still gradually weakening, and the market continues to shrink and pump, proving that the short sentiment has further weakened in the Rebound pump, but the continuous shrinkage also proves that as the Bitcoin Rebound to the current position, the buying power is also weakening. has never been able to increase the volume, in fact, it is not optimistic enough for the Rebound pump.

However, in terms of data, the optimism lies in the funds, after two consecutive weeks of continuous net outflows, the United States funds have finally begun to flow back, compared to Thursday's data, the United States net inflows of 456 million, while Asia net inflows of 246 million, continue to maintain net inflows. The total net inflow of the two mainstream stablecoins is 702 million, and the retention of stablecoin funds in the market has increased by 600 million, that is to say, 600 million funds have been retained in the market, and 100 million funds have joined the buying industry, which is a good thing for the current rebound.

Overall, if you need to continue to pump up, it is good that the volume will gradually increase next week.
BTC1.03%
ETH3.99%
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