The market, which was originally set for a sharp pullback, was stubbornly held back by two good news items.
1. The non-farm payroll data lowered expectations for a rate hike this month a lot.
2. The SEC suddenly released favorable news, greatly loosening the channels for institutions to hold virtual coins.
If, going forward, the ETF continues to see net buying and RWA keeps growing, and institutions directly increase their holdings, then the market is very likely to trade sideways for a while and then move upward.
The market’s most intense period should be around the elections. This period is undoubtedly the best time to add to positions.$BTC
$ETH
$SOL
1. The non-farm payroll data lowered expectations for a rate hike this month a lot.
2. The SEC suddenly released favorable news, greatly loosening the channels for institutions to hold virtual coins.
If, going forward, the ETF continues to see net buying and RWA keeps growing, and institutions directly increase their holdings, then the market is very likely to trade sideways for a while and then move upward.
The market’s most intense period should be around the elections. This period is undoubtedly the best time to add to positions.$BTC
$ETH
$SOL