$BTC Last night, the big pancake (a.k.a. BTC/ETH) suddenly surged upward sharply, leaving many people confused: what exactly happened?🔥
Actually, this round of gains isn’t just a mood-driven push. There are several key factors behind it driving the move.
First, market expectations have improved.
Recently, Trump met with people related to the crypto industry, and the market began to expect that subsequent crypto regulatory policies will be further advanced. At the same time, the SEC has also recently sent out more friendly signals, lowering the issuance and financing thresholds for some crypto assets, which makes the market more optimistic about future capital inflows.
Second, macro liquidity has improved.
The U.S. Treasury has expanded the scale of its Treasury repo operations, effectively adding some liquidity to the market while also easing pressure in the U.S. Treasury market. With the funding environment improving, risk assets naturally benefit.
Third, ETF inflows have continued steadily.
Since spot ETFs were launched, the cumulative inflow into BTC ETFs has already reached the multi-billion-dollar level. Meanwhile, ETH ETFs have continued to attract capital as well.
And all of this is only the capital flows seen by ETFs— it doesn’t include some institutions’ own allocation positions. For example, some large institutions are also continuously increasing their ETH holdings and participating in staking arrangements. This also indicates that institutions still remain optimistic about the long-term value of the crypto market.
In short:
This round of BTC, $ETH , rising is the result of improved regulatory expectations, a rebound in market liquidity, continued ETF inflows, and also the liquidation of short positions concentrated at the same time.
When the market is stronger, you must not blindly chase pumps or panic-sell. Next, the focus should still be on whether capital inflows can continue and whether the market can maintain its strong momentum.🔥🚀
#FOMC会议纪要 #美联储纪要显示不支持降息 #比特币时隔三月重返6.9万美元
Actually, this round of gains isn’t just a mood-driven push. There are several key factors behind it driving the move.
First, market expectations have improved.
Recently, Trump met with people related to the crypto industry, and the market began to expect that subsequent crypto regulatory policies will be further advanced. At the same time, the SEC has also recently sent out more friendly signals, lowering the issuance and financing thresholds for some crypto assets, which makes the market more optimistic about future capital inflows.
Second, macro liquidity has improved.
The U.S. Treasury has expanded the scale of its Treasury repo operations, effectively adding some liquidity to the market while also easing pressure in the U.S. Treasury market. With the funding environment improving, risk assets naturally benefit.
Third, ETF inflows have continued steadily.
Since spot ETFs were launched, the cumulative inflow into BTC ETFs has already reached the multi-billion-dollar level. Meanwhile, ETH ETFs have continued to attract capital as well.
And all of this is only the capital flows seen by ETFs— it doesn’t include some institutions’ own allocation positions. For example, some large institutions are also continuously increasing their ETH holdings and participating in staking arrangements. This also indicates that institutions still remain optimistic about the long-term value of the crypto market.
In short:
This round of BTC, $ETH , rising is the result of improved regulatory expectations, a rebound in market liquidity, continued ETF inflows, and also the liquidation of short positions concentrated at the same time.
When the market is stronger, you must not blindly chase pumps or panic-sell. Next, the focus should still be on whether capital inflows can continue and whether the market can maintain its strong momentum.🔥🚀
#FOMC会议纪要 #美联储纪要显示不支持降息 #比特币时隔三月重返6.9万美元