[Coin Scan] Funds flowing into Tether… Domestic coin market, analysis of stocks with net purchases and fluctuation rates
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As of 3 PM, the domestic cryptocurrency market shows distinct variations across different coins, with investment sentiment remaining defensive while concentrated buying occurs in specific coins.
In the top net buying categories, Tether (USDT) is leading purchase volumes across major exchanges including Bithumb and Upbit. Particularly on Bithumb, this coin recorded the highest net buying, significantly outperforming other coins. This trend is interpreted as a strengthened preference for cash-like assets amid increasing market instability. ONDO on Bithumb and AUCTION on Upbit also entered the top ranks, showing slight concentrated demand.
In terms of surge rates, multiple coins demonstrated significant volatility. CRU, traded on Coinone, drew attention with a double-digit percentage increase, and HFT on the same exchange also showed a strong upward trend. On Korbit, BAND and RLY stimulated market expectations with notable rising rates.
Conversely, the top declining coins predominantly included mid to small market capitalization coins. On Coinone, EVER, NPT, and LWA experienced substantial drops, while HVH and CLV also recorded noticeable declines, reflecting contracted investment sentiment. Notably, EVER showed a sharp decline within a day, accompanied by increased trading volume.
In trading volume rankings, World Cup Token (WCT) on Upbit led market concentration. Subsequently, SNT and POKT were also ranked high, showing increased short-term trading demand. XRP and UXLINK also demonstrated active trading.
According to Bonanza Lab data, the current market is flowing with defensive capital movements and short-term volatility plays. Stablecoin demand centered on Tether is strengthening, with short-term buying flows entering potentially rising low-priced coins.
The current market shows strong buying concentration in stablecoins while some high-volatility coins continue to experience sharp declines. The focus is on constructing a stable portfolio rather than excessive chasing of purchases.
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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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