Why is the market so depressed now?
1. The total market value of cryptocurrency is $2.2 trillion, and the market value of BTC is $1.2 trillion. If you want to push the price of BTC from $57,000 to $74,000 (a new high), you need to inject $280 billion. Where does so much money come from? It is definitely not realistic to rely on retail investors alone.
2. Volume Since April 2023, the volume has been low. We need market volume to start pushing up prices. Volume = capital inflow = liquidity
3. Liquidity Where can we get liquidity? - Treasury repurchase - interest rate cut - others Treasury repurchase will provide $2 billion of liquidity to the market every week. Interest rate cuts are expected this year. But there may be a delay due to the election. Election years are good for investment.
4. Sentiment Investors are bearish now. - Miners are selling - Mt. Gox news - German government sells We need to wait for the FUD to clear, or wait for a catalyst.
5. Conclusion We need to be patient. The market won't wait for us to get on board. When the conditions are met, it will rise. So always be prepared.