BitMart Market Report: BTC Retreats After Surge, Overall Market Enters Short-Term Correction Phase

Odaily Planet Daily News: According to BitMart's market report on May 13, the total market capitalization of cryptocurrencies reached 3.27 trillion USD, a decrease of 2.27% compared to the previous day. After a joint statement was issued by China and the United States easing trade tensions yesterday, $BTC surged to around 105,800 USD before slightly retreating to 102,000 USD. $BTC ETFs saw a small outflow of 5.90 million USD yesterday, with daily inflows significantly declining compared to last week. $ETH also surged and then retreated, receiving short-term support around the 4-hour Bollinger Bands middle line, while the ETH/BTC exchange rate slightly dropped. Overall market sentiment remains positive, with a comprehensive long-short ratio of 1.22. The Fear and Greed Index stands at 71, indicating a "Greed" zone. Altcoins generally declined over the past 24 hours, with the overall market entering a short-term correction phase.