[Coin Scan] Funds flowing into Tether… Domestic coin market, analysis of stocks with net purchases and fluctuation rates

As of 3 PM today, the domestic cryptocurrency market is showing a mixed trend, with buying pressure concentrated on some coins. While the trading volume of major cryptocurrencies like BTC and ETH remains steady, mid-to-small-sized coins showed high volatility. In the top net buying list, USDT recorded the highest net buying volume on both Upbit and Bithumb exchanges. This is interpreted as reflecting investors' preference for cash-like assets. On Bithumb, SpaceCode (SPK) drew investor attention by recording the third-highest net buying volume, followed by XRP and BTC. Among the surging coins, SPK traded on Bithumb stood out with a significant rise. The coin attracted investor interest with a substantial increase compared to the previous day, and its Non-Fungible Token (NFT) was also included in the top gainers. On Upbit, SPK showed notable returns, which appears to be related to performance expectations or specific thematic issues. Meanwhile, for declining coins, no Bithumb-listed coins were included in this survey, but some exchanges saw significant drops. Particularly, QTCON and PUFFER on Coinone recorded double-digit declines, increasing market volatility. This is interpreted as a complex result of weakened investment sentiment and short-term profit-taking. In the top trading volume list, XRP on Upbit overwhelmingly led the pack, followed by ETH, BTC, and ENA. On Bithumb, XRP ranked third in trading volume, demonstrating active trading across both exchanges. This is believed to be influenced by expectations of Ripple's technological advancements or global partnership expansion. According to Bonanza Lab data, the overall market trend is characterized by increased demand for defensive assets and concentrated buying on specific coins. Trading was strongly focused on relatively stable assets like BTC and USDT, with notable price fluctuations in some thematic coins. The current market requires a selective approach based on risk management, with buying pressure concentrated on stablecoins and some coins showing an upward trend, rather than indiscriminate chasing.