DeFiance Capital founder: The sharp rise in the market on July 14 marks the official end of the bear market

深潮 TechFlow · 2023-07-14T05:53:01.000Z

According to DeepChao TechFlow news, Arthur, the founder of crypto investment fund DeFiance Capital, tweeted that July 14, 2023 marks the official end of the 2022-2023 bear market. The specific analysis is as follows: 1. The worst of the macro tightening is over, CPI is down and real interest rates are positive. It is possible to see interest rate cuts next year; 2. Starting with BlackRock’s application for a Bitcoin ETF, institutions continue to accept cryptocurrencies as an asset class; 3. If the SEC cannot win the case against the token most likely to be defined as a security (XRP), then the possibility of other tokens being recognized as securities will be greatly reduced;

According to TechFlow, Arthur, founder of crypto investment fund DeFiance Capital, tweeted that July 14, 2023 marks the official end of the 2022-2023 bear market. The specific analysis is as follows:
The worst of the macro tightening is over, CPI is falling, and real interest rates are positive. It is possible to see interest rate cuts next year;
Starting with BlackRock’s application for a Bitcoin ETF, institutions continue to accept cryptocurrencies as an asset class;
If the SEC cannot win a case against the token most likely to be defined as a security (XRP), then the likelihood of other tokens being confirmed as securities will be greatly reduced;
Most short-term speculators have left the market. Except for some clear unlocking schedules, current holders may not sell in the short term.
The market allocation to non-BTC and ETH is seriously insufficient;
Hong Kong’s policy of welcoming cryptocurrencies is real, and this will open the door for Asian financial institutions to enter cryptocurrencies in a legal manner.