On the first trading day after the holiday, market activity surged, leading to a significant increase in overall market capitalization.

Among them, the market capitalization of altcoins has significantly increased, while the shares of Bitcoin and Ethereum have slightly declined. This change clearly reflects a sharp rise in market risk appetite in the short term.

In terms of trading volume, the overall market trading volume shows an upward trend. Bitcoin is exhibiting a pattern of rising with decreasing volume, indicating that selling pressure above is gradually weakening;

The turnover rate of Ethereum has increased, with fund turnover becoming more frequent, while for altcoins, sentiment has fluctuated greatly, leading to a substantial increase in turnover rate.

On the funding side, the overall market capitalization of stablecoins has slightly shrunk, but USDC has risen against the trend, continuously expanding its market capitalization and increasing activity, injecting crucial momentum into this wave of increases for Bitcoin and Ethereum.

Although the current market rebound looks promising, subsequent trading dynamics still need to be closely monitored, as only by clarifying where the core driving force of the rebound comes from can one more accurately predict the trend.

It is worth mentioning that there has been a new shift in capital flows in the Asia-Europe region, with USDT halting its outflow and market confidence quietly returning.

If altcoins can continue their rebound, the Lunar New Year might become a key opportunity for further market explosion.

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