The funding rate of BCH has been ridiculously negative recently. There are too many short sellers. If the short sellers are not convinced, they will not look back. The next step is to rush to the top!​

There will be some grinding in the middle. When no one dares to short, it will fall. This is the case for every rising coin.

But it really convinces people with the increase.

Let’s sort out the three major sectors that have been popular recently (with the effect of pulling the market):

1. RWADefi COMP led the gains, as well as AAVE, SNX, UNI, RDNT, and MKR

2. There are many changes in the FTX concept currency. In addition to FTT, there are also SRM, RAY, and MAP. As the big ones come to mind, there are also SOL and HNT.

3.POW concept, BCH performs well. STX and RIF are superimposed on the second layer of Bitcoin, which is worth paying attention to. There are also LTC, BSV, and ETC

Let's talk about the recent market situation

In the past few days, the bitcoin price quickly rose to around 30,000 US dollars and then stopped. What are you waiting for?

Brothers, there is no doubt that they are waiting for everyone to get on the bus. Under what circumstances will the dealer wait for everyone to get on the bus? It must be when they need to take over. If they are eating meat, you can't even see the taillights of the dealer's car.

Most of the market is manipulated by the market makers in conjunction with the news. When the interest rate hike ends, the turning point of the macroeconomic policy will be seen, and when the interest rate cut begins, the macroeconomic policy will be truly turned. This turning process, that is, the time gap between the interest rate hike and the interest rate cut, will crush many people under the action of inertia, just like the situation of turning around when driving on the highway.

You can also see some signs from the K-line charts of the past six months. From January to March, the market was manipulated by the dealer in conjunction with the CPI data, and later when the market momentum was insufficient, the dealer manipulated the market based on some market news. However, no matter how it was manipulated, you can see that the market was always suppressed near $30,000, and recently there has indeed been a phenomenon of funds gathering at the top, and it has lasted for two or three months.

From January to March, the copycats prospered, and from April to June, funds were concentrated on Bitcoin and Ethereum. There is only so much stock in the market. Although there are many good news, the funds cannot keep up. A good cook cannot cook without rice. Everyone has seen it all now, right?

With this amount of funds, it is difficult to generate a higher market. There are no new leeks in the market, no new wealth myths, no new ecology, no new trends. The new dynasty has not yet appeared, and the old dynasty has not completely collapsed. It is difficult to see the new dynasty changing from the old to the new dynasty.

Of course, the financial market is changing rapidly. Maybe it is like this today, but it will change tomorrow. No one can tell. If some brothers think that the market will perform well from now on, then they can enter the market at the right time.

There are three more meetings to come, and there is a high probability that the rate will be raised a little bit. The interest rate cut that many people expected in the second half of the year is almost impossible. The earliest interest rate cut will have to wait until the first half of 2024. Brothers, this is why I ask everyone to be cautious in seeking the policy bottom. The financial market may change suddenly, not to mention half a year, even if it is only half a month.