BitMart Market Report: BTC fell slightly during the day, and Altcoin generally fell
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Market Report: According to BitMart's July 1st market report, the total cryptocurrency market capitalization is approximately $3.29 trillion, down 1.21% from the previous day. BTC slightly retreated, touching the lower Bollinger Band on the 4-hour chart, with the current area serving as a short-term critical price support for BTC. Yesterday, BTC ETF saw a net inflow of $102 million, significantly lower compared to last week. ETH failed to stabilize above 2,500 USDT, and investors should be cautious of short-term pullback pressure. Yesterday, ETH ETF recorded a net inflow of $31.8 million, with continuous institutional fund entry providing strong support for ETH's short-term price stability. Altcoins overall declined, with the Altcoin index reporting 22 today. The Fear and Greed Index stands at 50, maintaining a neutral market sentiment. The comprehensive long-short ratio is 0.86, with bearish sentiment slightly dominant. Investors are advised to pay attention to subsequent ETF fund flows, macroeconomic data, and Altcoin fund rotation to prevent risks from increased volatility.
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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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