BitMart's market report for April 11 shows that BTC's intraday volatility has increased, and it is obviously affected by the macro level.
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Market Report: According to BitMart's market report on April 11, the total cryptocurrency market capitalization was $2.56 trillion, a 1.1% decrease from the previous day. BTC experienced increased intraday volatility, significantly affected by macroeconomic factors, and BTC ETF saw continuous net outflows for six consecutive days. ETH followed the overall market trend but showed significantly weaker growth compared to BTC, with ETH/BTC dropping again to around 0.0192. The comprehensive long-short ratio was 1.07, with long positions at their 24-hour peak. Altcoins generally declined, with the market lacking collective narrative highlights.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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