BitMart market report: BTC rises and falls, overall market enters short-term correction stage

Odaily Planet Daily News: According to BitMart's market report on May 13th, the total market value of the cryptocurrency market was $3.27 trillion, a decrease of 2.27% from the previous day; After the joint statement released by China and the United States yesterday to ease trade tensions, BTC surged to around $105800 and then slightly fell back to $102000; BTC ETF saw a small outflow of $5.9 million yesterday, with a significant decrease in daily inflow compared to last week. ETH also rose and then fell back, gaining short-term support in the middle of the 4H Bollinger Bands, while the ETH/BTC exchange rate slightly declined. The overall market sentiment is positive, with a comprehensive long short ratio of 1.22; The Fear and Greed Index is 71, which falls within the "Greed" range. Shanzhai coins have generally fallen in the past 24 hours, and the overall market has entered a short-term correction phase.