Data Analysis: Bitcoin Double Eleven is not discounted

At 8:00 on November 11th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 817.98 points, up 2.68% in the past 24 hours, with a turnover of 45.802 billion US dollars. The turnover increased by 15.49% compared with the previous 24 hours. Among them, 87 rose and 13 fell. The ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency, reported 715.20 points, up 2.64% in the past 24 hours, and the turnover was 36.60 billion US dollars. The turnover increased by 15.79% compared with the previous 24 hours. The Bitcoin Bubble Index ( The BBI Index reported 84.44 points, up 0.98% in the past 24 hours; the USDT OTC Index reported 100.00 points, down 0.05% in the past 24 hours. Bitcoin rose shortly in the evening yesterday and has now stood back above $9. Other mainstream currencies have seen large gains, and the daily level shows bottoming. Recently, mainstream currencies have continued to rise against bitcoin. The weak situation of Bitcoin has not seen a fundamental improvement. Although other mainstream currencies have a rising momentum, they are likely to be dragged by Bitcoin to the sideways and even downward trend.