Why is Biscuit (2) pumping so aggressively this round?

Recently, there has been a very interesting change in the market.

In the past, the market’s pace was simple:

BTC would move first; after the trend is confirmed, Biscuit (2) would follow.

But these days, the script has started to change.

BTC rose from 62,323 to 65,589—the increase isn’t really that exaggerated;

yet Biscuit (2) climbed steadily from 1,776 to 1,946, clearly moving with stronger strength, and the Biscuit (2)/BTC ratio has also returned to around 0.029.

Previously, it was always the “big brother” setting the tempo; this time, the “second brother” (Biscuit (2)) has started to steal the spotlight on his own.

Why?

First, capital preferences are beginning to shift.

With CPI and PPI continuously coming in below expectations, the market has started pricing in rate-cut expectations early.

Previously, capital preferred to go to BTC for safety first, but once sentiment improves, funds start looking for directions with higher flexibility and more room for growth.

Second, Biscuit (2)’s own logic is being re-examined.

Over the past period, Biscuit (2) has been consistently weaker than BTC, and market attention has also declined.

But as the market’s risk appetite rebounds, capital begins to reassess Biscuit (2)’s ecosystem value and future upside, and the expectations that were previously suppressed also start to be released.

Third, capital rotation has started to appear.

After BTC stabilizes, the market won’t forever focus on just one direction.

Capital often gradually diffuses from BTC, searching for more elastic opportunities in the next phase.

Of course, Biscuit (2) being strong doesn’t mean you should blindly chase it with your eyes closed.

After a run of continuous gains, the key is still whether there is follow-through.

Whether the Biscuit (2)/BTC ratio can continue to strengthen is an important signal of whether capital is continuing to spread out.

If this trend continues, the opportunities ahead may not be limited to BTC and Biscuit (2); the market will keep searching for new directions.

Tonight at 8:30, the U.S. weekly initial jobless claims will be released.

The data itself may have limited impact, but in the current phase where markets are trading rate-cut expectations, employment data may still affect short-term capital momentum.

So, is this round only a short-term rotation of capital, or has the market started to reprice Biscuit (2)’s value?

The market has opportunities every day, but the real opportunity that belongs to you isn’t when emotions are at their hottest.

What Tong Ge is watching is the location where capital truly starts to make a move next. Why is Biscuit (2) pumping so aggressively this round?

Recently, there has been a very interesting change in the market.

In the past, the market’s pace was simple:

BTC would move first; after the trend is confirmed, Biscuit (2) would follow.

But these days, the script has started to change.

BTC rose from 62,323 to 65,589—the increase isn’t really that exaggerated;

yet Biscuit (2) climbed steadily from 1,776 to 1,946, clearly moving with stronger strength, and the Biscuit (2)/BTC ratio has also returned to around 0.029.

Previously, it was always the “big brother” setting the tempo; this time, the “second brother” (Biscuit (2)) has started to steal the spotlight on his own.

Why?

First, capital preferences are beginning to shift.

With CPI and PPI continuously coming in below expectations, the market has started pricing in rate-cut expectations early.

Previously, capital preferred to go to BTC for safety first, but once sentiment improves, funds start looking for directions with higher flexibility and more room for growth.

Second, Biscuit (2)’s own logic is being re-examined.

Over the past period, Biscuit (2) has been consistently weaker than BTC, and market attention has also declined.

But as the market’s risk appetite rebounds, capital begins to reassess Biscuit (2)’s ecosystem value and future upside, and the expectations that were previously suppressed also start to be released.

Third, capital rotation has started to appear.

After BTC stabilizes, the market won’t forever focus on just one direction.

Capital often gradually diffuses from BTC, searching for more elastic opportunities in the next phase.

Of course, Biscuit (2) being strong doesn’t mean you should blindly chase it with your eyes closed.

After a run of continuous gains, the key is still whether there is follow-through.

Whether the Biscuit (2)/BTC ratio can continue to strengthen is an important signal of whether capital is continuing to spread out.

If this trend continues, the opportunities ahead may not be limited to BTC and Biscuit (2); the market will keep searching for new directions.

Tonight at 8:30, the U.S. weekly initial jobless claims will be released.

The data itself may have limited impact, but in the current phase where markets are trading rate-cut expectations, employment data may still affect short-term capital momentum.

So, is this round only a short-term rotation of capital, or has the market started to reprice Biscuit (2)’s value?

The market has opportunities every day, but the real opportunity that belongs to you isn’t when emotions are at their hottest.

What Tong Ge is watching is the location where capital truly starts to make a move next. $ETH #ETH站稳1900美元 #美国6月PPI年率5.5% #美国核心CPI未达预期 $BTC