BitMart Market Report: BTC fell back after reaching a high, and the overall market entered a short-term correction phase

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ODAILY
05-13
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Market Report: According to BitMart's May 13th market report, the total cryptocurrency market capitalization was $3.27 trillion, a 2.27% decrease from the previous day. After the joint statement by China and the US easing trade tensions, BTC surged to around $105,800 before slightly retreating to $102,000. BTC ETF experienced a small outflow of $5.9 million, with daily inflow significantly dropping compared to last week. ETH also rose and then fell, finding short-term support in the 4H Bollinger Band midline, with ETH/BTC exchange rate slightly declining. Overall market sentiment remains positive, with a comprehensive long-short ratio of 1.22; the fear and greed index is 71, in the "greed" zone. Altcoins generally declined in the past 24 hours, with the market entering a short-term correction phase.

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