BitMart Market Report for September 10: Market to Maintain Narrow Range Fluctuation in the Short Term

According to BitMart's September 10th market report, the total cryptocurrency market capitalization is approximately $3.9 trillion, up 1.59% from the previous day. BTC currently stands at $111,528.06, down 0.38% over the past 24 hours. Currently, BTC's key support level is around $110,770, while resistance is at $113,273. Yesterday, BTC ETFs saw a net outflow of $143 million. Ethereum currently stands at $4,309.86, showing minimal price fluctuation over the past 24 hours, suggesting a positive long-term outlook. The addition of 2 billion USDT to the on-chain network reflects the continued growth of the ecosystem. Key support is at $4,277, while resistance is at $4,381. Yesterday, the ETH ETF recorded a net inflow of $44 million. Altcoins saw mixed gains and losses, with the Fear & Greed Index at 44, indicating relatively neutral market sentiment. BitMart X Insight data shows extremely optimistic market sentiment (index +62), with strong expectations for a Fed rate cut. BTC, ETH, and altcoins are bullish, and XRP is attracting attention due to institutional collaborations. Market social media activity is generally active (average SSI around 68). WLD led the gains, driven by the AI ​​craze and positive news. However, AIXBT and BTR saw drastic social media activity and a disconnect with prices, leading to a divergence in market sentiment and the coexistence of speculation and risk. Market warning signals have significantly increased, with prices of most currencies diverging from social media activity, warning of abnormal fluctuations and potential risks. Investors are advised to be vigilant against overheated and high volatility in the market.