[How is the domestic market today] Upbit with 2.5 trillion transactions... Strong theme is 'infrastructure', 180 coins falling

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When converted to Korean won, the total trading volume on Upbit from 12 AM to 6:06 PM on June 12th was 1.05 trillion won, with a cumulative 24-hour trading volume of 2.51 trillion won. The 24-hour trading volume increased by 20.70% compared to the previous day.

In terms of thematic trading trends, trading volume was concentrated in the 'infrastructure' and 'smart contract platform' areas.

In the infrastructure theme, XRP (–1.46%), RVN (+2.17%), and BTC (–1.14%) were actively traded as major assets. Particularly, RVN showed a relatively positive trend within this theme. In contrast, multiple assets like POKT (–9.30%), MASK (–4.41%), and LINK (–3.40%) collectively declined, increasing market pressure.

In the smart contract platform area, while major assets like ETH (–0.96%) and SOL (–1.32%) showed adjustments, ARDR (+14.10%) and Aergo (+4.76%) drew investor attention with relatively strong upward movements.

In the culture and entertainment theme, STMX (+14.38%) led with a notable rise. Meanwhile, ANIME (–6.28%) and BORA (–5%) experienced significant declines.

The DeFi sector overall showed a sluggish trend. ONDO (–3.00%), COMP (–5.55%), and Aave (–2.74%) declined, and the stablecoin USDT (–0.43%) also showed a slight adjustment.

In the meme theme, DOGE (–1.87%) and multiple other assets closed lower. Despite expanded trading volume, buying sentiment remains limited across the market.

등락 자산 수

Number of rising and falling assets / Upbit Data Lab

In the Upbit market, declining assets are overwhelming rising assets. The number of rising and falling assets is –180, indicating 180 more declining assets than rising ones.

While the 7-day moving average was +17.29, the daily figure decreased by –21 compared to the previous day, accelerating the concentration of short-term declining assets. This demonstrates that despite attempts at a rebound, market sentiment is not easily recovering.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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