BitMart Market Report: BTC fluctuates within a narrow range, and market sentiment is relatively rational

Planet Daily News: According to BitMart's market report on July 8, the total market value of cryptocurrencies was approximately $3.33 trillion, down 1.4% from the previous day. BTC was trading in a narrow range, with a slight pullback after touching above 110,000 USDT. Whether it can effectively break through and stabilize above 110,000 USDT will be key to determining the subsequent trend. Yesterday, BTC ETF saw a net inflow of $52 million. ETH moved in sync with BTC, declining 0.9% in 24 hours, with minimal market volatility. Yesterday, ETH ETF had a net inflow of $9 million. Altcoins generally declined, with the market lacking a collective narrative. The fear and greed index was reported at 50 today, maintaining a neutral market sentiment. BitMart X Insight data shows that the current crypto market sentiment is extremely optimistic, with a 24-hour market sentiment index of +56. The social heat in the crypto market is generally high (average SSI 63.4). The crypto market warning level is extremely high, with most cryptocurrencies' prices falling, indicating widespread market pressure. Investors are advised to be cautious of market overheating and high volatility.