My choice: B.
Reason: Macro liquidity is the “backdrop” of the crypto market. CPI continuing to decline suggests that the Federal Reserve’s tightening cycle has substantively entered its late stage, which will further boost expectations of rate cuts. Compared with bStocks’ expansion at the entry stage (more at the tool level) or the postponement of the CLARITY Act (more of an emotional disruption), a sustained downward CPI trend directly lowers the risk-free rate and raises the valuation central point for risk assets. This is the core variable determining the mid-term trend of the broader market—when market confidence rebounds, it will translate into real incremental inflows of off-exchange capital. That support for BTC and altcoins will be felt most immediately. So I’m betting on the macro shift toward this “certainty”.
Reason: Macro liquidity is the “backdrop” of the crypto market. CPI continuing to decline suggests that the Federal Reserve’s tightening cycle has substantively entered its late stage, which will further boost expectations of rate cuts. Compared with bStocks’ expansion at the entry stage (more at the tool level) or the postponement of the CLARITY Act (more of an emotional disruption), a sustained downward CPI trend directly lowers the risk-free rate and raises the valuation central point for risk assets. This is the core variable determining the mid-term trend of the broader market—when market confidence rebounds, it will translate into real incremental inflows of off-exchange capital. That support for BTC and altcoins will be felt most immediately. So I’m betting on the macro shift toward this “certainty”.
