BitMart Market Report: BTC Continues to Consolidate, Short-Term Technical Structure is Bearish

According to BitMart's market report on July 2nd, the total market cap of the cryptocurrency market is approximately $3.27 trillion, a decrease of 1.3% compared to the previous day; Bitcoin is fluctuating and consolidating between 105,000 and 106,000 USDT, with a lack of direction in the short-term trend. Yesterday, the Bitcoin ETF had a net outflow of $342.00 million; Ethereum is currently fluctuating and consolidating around 2,400 USDT, with a weak short-term trend and still under pressure from the moving average. Yesterday, the $ETH ETF experienced a net outflow of $14.10 million, which overall reflects that the market's capital allocation to Ethereum remains conservative in the short term; altcoins generally fell, lacking a collective narrative; the Fear and Greed Index temporarily reported 46 today, and market sentiment remains in the neutral range; BitMart X Insight data shows that the current crypto market sentiment is extremely optimistic, with a 24-hour market sentiment index of +1.02; the social popularity of the cryptocurrency market is generally high (average SSI 68.5); the market warning signal MPR is extremely high, with social anomalies and sentiment polarization of the top ten currencies both reaching 100%; investors are advised to pay attention to subsequent data and beware of the risk of increased volatility. [Odaily星球日报]