$BTC Current BTC is facing an extreme pressure situation with a convergence of five major bearish factors: “macro tightening, policy disappointment, institutional divestment, large whales unloading, and elevated leverage.” The three core pillars that previously supported the bull market—rate-cut expectations, regulatory tailwinds, and continued ETF inflows—have been removed one by one within a week. The long positions’ defensive line is in grave danger.
Macro and policy: expectations reversed, pillars collapse
On September 16, the Fed raised rates by 25 basis points to the 3.75%-4% range, and the dot-plot suggests another hike may occur before year-end, completely shattering the market’s hopes for rate cuts. At the same time, the Senate narrowly rejected the “CLARITY Act,” leaving the timeline for a clear crypto regulatory framework uncertain. Under this double blow, institutional allocation appetite has sharply fallen; spot ETFs have shifted from incremental buying to sustained selling pressure, with daily net outflows reaching as high as $450 million.$ETH #AI股持续上涨还有哪些投资机会
Macro and policy: expectations reversed, pillars collapse
On September 16, the Fed raised rates by 25 basis points to the 3.75%-4% range, and the dot-plot suggests another hike may occur before year-end, completely shattering the market’s hopes for rate cuts. At the same time, the Senate narrowly rejected the “CLARITY Act,” leaving the timeline for a clear crypto regulatory framework uncertain. Under this double blow, institutional allocation appetite has sharply fallen; spot ETFs have shifted from incremental buying to sustained selling pressure, with daily net outflows reaching as high as $450 million.$ETH #AI股持续上涨还有哪些投资机会
