🔥 DeepThink: Expectations of rate cuts delayed until after September, crypto market structure divergence intensifies

DeepThink columnist Chloe points out that the current macro framework of the crypto market has shifted to a suppressive environment of "higher interest rates for longer + sticky inflation + war shocks."
A Reuters survey shows that most economists have delayed rate cut expectations until after September, with nearly one-third believing there will be no rate cuts this year, mainly due to the Middle East war pushing up energy prices.
The two main supporting logic of liquidity easing and falling interest rates weaken, with discount rates rising and risk budget shrinking occurring simultaneously, leading to reduced marginal capital inflows.
This round of atypical "safe-haven market," gold and crypto did not rise in sync, and the market is in a "liquidity contraction" phase.
Structural divergence is obvious: BTC benefits from institutional funds and ETFs …
#btc #eth