1. US BTC/ETH spot ETF data
On September 10, 2024, the Bitcoin spot ETF had a net inflow of $17.04B (net inflow of funds); the Ethereum spot ETF had a net inflow of $11.44M (net inflow of funds).
2. Cryptocurrency Market Overview
2.1 Cryptocurrency Market Cap and Spot Trading Volume
The total cryptocurrency market capitalization is $1.99 trillion, with a 24-hour change of -0.25%.
The 24-hour spot trading volume was $62.245 billion, and the 24-hour trading volume change was -8.75%.
Bitcoin’s market share is 56.04%
Ethereum’s market share is 14.09%
2.2 Crypto Market Stability
The total market capitalization of fiat-backed stablecoins is $164.12 billion.
2.3 USDT and its market share
USDT.D:5.63%
Small cycle (1H/4H): short-term bullish;
The large cycle (12H/1D) is in the bullish track and the bulls are very strong.
3. Sentiment Index
Currently, the Greed Fear Index (FGI) is 37 and the market sentiment is Fear. The change of the Greed Fear Index in the past 24 hours is +4 points and the 7-day change is +10 points.
The quarterly index of the alt is 31%, which continues to rise. You can pay attention to the alt, the index of the alt and BTC.D; the annual index of the alt has risen sharply to 37%.
4. Contract market data
Contract Open Interest
Total cryptocurrency contract open interest is $53.895 billion;
The total open interest of BTC contracts is USD 30.171 billion;
The total open interest of CME BTC contracts is USD 8.224 billion;
Total ETH contract positions: $10.519 billion
Contract liquidation data
The total amount of liquidation is 127 million US dollars, the long position liquidation amount is 67.36 million US dollars, and the short position liquidation amount is 94305198 million US dollars
5. Technical analysis of BTC market and strength and weakness of mainstream currencies
5.1 Analyze BTC market in multiple time periods
Large cycle: 1W/1D/12H
1W, bulls weakened, and now it is the 12th week of bulls weakening, and bulls are gradually weakening; the selling point of 57100-59300 formed yesterday has taken effect, which is a relatively good selling and shorting position in the near future
1D, shorts strengthen, long-short dividing line (in space): 6900, long-short dividing line moves down. Shorts continue to accelerate the market, and currently in this cycle, we are still waiting for shorts to accelerate
In the 12H, the short position weakened and it is difficult to reverse the current short trend in the short term
Small cycle: 4H/1H (intraday)
4H, bearish trend weakens
1H bullish trend, short-term bullish support 55600
Overall, the current market situation shows that the short-term bull market has ended and is weakening. The turning point from long to short is approaching. The specific situation depends on the market. The short market in the long term is strengthening.
5.2 Possible intraday trends
Diurnal direction:#空头
Intraday pressure level: 56881, 57098
Intraday support: 56134, 55137
6/The strength and weakness of the main currencies today (BTC/ETH/SOL/BNB/PEPE)
