Brothers, this is incredible. The FED will announce its latest interest rate policy at 2 a.m. on Wednesday. While the market is waiting for the FED's decision to cut interest rates, the four major U.S. stock indexes closed roughly flat on Tuesday, but the market began to rise significantly, once breaking through 6.1 million, but derivatives data showed a lack of enthusiasm among investors, with traders remaining skeptical that the rally could be sustained.
In the past, the market has said that Bitcoin is a leading indicator of the overall economy, and usually interest rate cuts are a major benefit to risky assets such as Bitcoin, which will bring huge liquidity to the market. Therefore, Bitcoin’s performance before interest rates are cut is Strength may be a bullish signal, but is it really so?
Derivatives data shows a lack of enthusiasm among Bitcoin investors. Although Bitcoin once broke through $61,000, traders are still doubting whether the rising momentum can be sustained.
To evaluate whether Bitcoin traders have turned bullish, you can check the BTC futures premium. After approaching the neutral 5% level on the 16th, the Bitcoin futures premium has remained at 6%, although Bitcoin has surged from below $58,000 to However, investor sentiment remains cautious, indicating a lack of confidence among traders, so it remains to be seen whether $61,000 can turn into a support level.
In addition, the 25% skewness indicator of Bitcoin options is currently only approaching 2%, indicating that the pricing of put options and call options is close, the market sentiment is neutral, and there is no obvious bullish sentiment, and this neutral sentiment has continued in the past week.
BlackRock, Microsoft and MGX also announced the establishment of the "Global AI Infrastructure Investment Partnership" (GAIIP), and NVIDIA will support AI expertise. GAIIP plans to first raise US$30 billion through private equity funds and release US$100 billion in investment potential through debt financing.
With so much news coming out at the same time, Orange is very much looking forward to how the pie will go back and forth tonight.
