KZG Crypto
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Crypto total market capitalization fluctuates at $3.7 trillion, with clear differentiation in capital flow
The total market capitalization of the global crypto market is fluctuating between $3.6 trillion and $3.8 trillion, entering a critical consolidation phase. Retail funds are flowing out of mainstream assets like Bitcoin and Ethereum and into high-risk, low-market-cap tokens; meanwhile, institutions continue to increase their holdings of core assets through channels like ETFs, forming a distinct pattern of capital differentiation.
Bitcoin is repeatedly testing the 50-day moving average position at $115,000, which is a key support level for the medium-term trend. If it can hold this position, it will lay the foundation for a push to new highs; conversely, it may trigger a pullback. Despite the decline in trading volume for mainstream coins, trading for smaller coins on decentralized exchanges (DEX) has significantly increased.
Bitcoin is repeatedly testing the 50-day moving average position at $115,000, which is a key support level for the medium-term trend. If it can hold this position, it will lay the foundation for a push to new highs; conversely, it may trigger a pullback. Despite the decline in trading volume for mainstream coins, trading for smaller coins on decentralized exchanges (DEX) has significantly increased.
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