BitMart Market Report: BTC intraday volatility eases, high-level volatility may be the main market in the near future
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Market Report: According to BitMart's market report on May 21st, the total cryptocurrency market capitalization was $3.39 trillion, up 0.76% from the previous day. BTC experienced intraday volatility, dropping to $102,000 before rebounding above $106,000, with high-level oscillation likely to be the main trend in the near term. Yesterday, BTC ETF saw net inflows of $361 million. ETH followed the market trend, briefly falling below $2,400 before recovering and breaking through the $2,500 mark. Yesterday's ETH ETF inflow and outflow data was almost negligible. In terms of market sentiment, the fear and greed index was 69, continuing to remain in the "greed" zone. The comprehensive long-short ratio was 1.18, with bullish sentiment dominating. Altcoins showed mixed performance, with the altcoin season index further declining to 23. Investors are advised to closely monitor subsequent capital flows and sentiment changes.
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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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