Golden Finance reported that Mechanism Capital partner Andrew Kang published his views on x, saying that market participants may have overestimated the impact of the Fed's rate cuts and China's stimulus measures on cryptocurrency prices. In a period when interest rates are about to reach and reach multi-decade highs, Bitcoin rose 4.5 times, indicating that there is almost no correlation between interest rates and Bitcoin, and then expecting a strong negative correlation when interest rates begin to fall, which seems absurd. In addition, the reason why China's stimulus plan is far more beneficial to stocks than cryptocurrencies is that Chinese traders have noticed the migration of funds from cryptocurrencies to A shares. Kang believes that the market is still changing, and new projects and capital rotation may cause price fluctuations. It is currently expected that the cryptocurrency market will fluctuate between US$50,000 and US$72,000 until a substantial catalyst appears.