BitMart Market Report: The market continues to fluctuate in a narrow range, and the altcoin market lacks a collective narrative

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ODAILY
04-01
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Market Report: According to BitMart's April 1st market report, the total cryptocurrency market capitalization is $2.63 trillion, a 2.82% decrease from the previous day. BTC experienced narrow fluctuations, with BTC ETF seeing a small outflow of $60 million; ETH remains around $1,800 with narrow movements, and its price is difficult to reverse in the short term from both funding and sentiment perspectives. The comprehensive long-short ratio is 0.99, indicating neutral market sentiment in the short term. Altcoins show sporadic gains without collective narrative, and BNB chain projects have entered a cooling period after two weeks of high activity. On the news front, the Trump family announced the establishment of a US Bitcoin company, and investors should 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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