Odaily星球日报讯 据 CoinGecko 数据显示，加密总市值跌破 2.35 万亿美元，现报 2.34 万亿美元，24 小时跌幅达 4.6%。

加密总市值跌破2.35万亿美元

Odaily Odaily reported that according to Coingecko data, the total market value of cryptocurrencies fell below 2.35 trillion US dollars and is now reported at 2.34 trillion US dollars, with a 24-hour drop of 4.6%.

Total crypto market cap falls below $2.35 trillion

Odaily Odaily News Due to the cooling of market demand for Bitcoin spot ETFs and uncertainty in monetary policy, the digital asset market has seen its second largest weekly decline since 2024. Data shows that in the past seven days ending last Sunday, the relevant index covering the top 100 digital assets by market value fell by about 5%, the biggest drop since April this year. Affected by the outflow of funds from the US Bitcoin spot ETF for 6 consecutive days, Bitcoin fell below $63,000 on Monday, the lowest point in more than a month. David Lawant, head of research at FalconX, wrote in a report that the current crypto market dynamics "are characterized by low volatility, weak trading volume, and order books become unbalanced when prices begin to move toward the edge of the range." (Bloomberg)

Bloomberg: Top 100 digital asset-related indexes record second-largest weekly decline of the year

Author: Climber, Jinse Finance
On June 24, the crypto market experienced another sharp drop, with BTC falling below $63,000 and SOL falling to around $125. Although the top currencies have not yet fallen to the level of April this year, the decline of many blue-chip Altcoin has already caught up with the early bull market last year. Many investors said that their earnings for most of the past six months have been lost in the past few weeks, and they may have to "wear the yellow robe" again.
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As of the time of writing, the number of spot currencies on the Binance platform alone that have fallen is 1,150, while the number that has risen is only 106, accounting for less than 10%.
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From the analysis of on-chain behavior, how far may BTC fall in extreme cases in the bull market?
The overall logic is to evaluate from two aspects based on on-chain behavior analysis and historical data.
Method 1: From the perspective of STH-MVRV (short-term holders)
Short-term holders are important participants in the bull-bear transition, so the performance of STH-MVRV has extremely important reference value in the bull market cycle. I have used 2 tweets to explain its principles and functions in detail. New friends can refer to the following link, and I will not repeat it here.
About STH...