The market is going to be a needle again. The recent market situation is really hard to describe.
A whale extracted PEPE, ETH, etc. from Binance, and the update of non-agricultural data.
In the final analysis, it is just an excuse for the market to crash in the past two or three days.
Before the arrival of the big bull, the market's long and short fluctuation cycles are getting shorter and shorter.
There are reasons for the decline and reasons for the rise.
Personally, I think the most important thing is the launch of ETH's ETF.
Today's currency circle is more susceptible to macroeconomic factors, such as the policy orientation of the Federal Reserve.
Recent public information shows that Federal Reserve officials lack sufficient confidence in rate cuts due to rising inflation.
Officials also listed several economic developments, including slowing wage growth, declining corporate pricing power, and increased consumer sensitivity to price increases, to support their expectations that inflation will continue to fall in the coming year.
All these suggest that the Federal Reserve is unlikely to cut interest rates at its meeting later this month.
It also means that whether ETH's ETF is passed or not, the market volatility of long and short will continue.
The world of cryptocurrency is increasingly moving towards traditional finance.
#以太坊ETF批准预期 #币安合约锦标赛
