Let's talk about what currently has a significant impact on the market:


1: Mt. Gox incident (basically settled, dumping completed)
2: Russian selling chips (there are no chips dumping)
3: Gray Holdings (which is still quite influential) is the largest holdings institution, and the cost of the chips is very low. Dumping will also be carried out irregularly in the future.
4: There is also the FTX incident (the FTX bankruptcy incident has been going on for so long, and the compensation will slowly be settled). The settlement of compensation will also bring a significant Liquidity back into the market.
5: Also, BlackRock has been increasing its holdings (increasing holdings definitely indicates optimism towards the future market), which is also a good stabilizer for the current market.
6: The interest rate cut will be implemented on September 18th (the specific basis point has not been determined yet).
7: US Presidential Debate (starting on September 10)
The rate cut is also a turning point for the current market, and liquidity will slowly flow in later, coupled with the influx of ETF Spot, to reopen the frenzy of big bull!
#币圈观察员 #BTC
BTC-1.76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
MFuturistInc
· 2024-09-08 14:44
The #Bitcoin market cycle just flipped in Distribution!

Should we be worried?
Reply0
  • Pin