Looking back at the recent market rebound, we can see the superposition effect of multiple positive factors.
1⃣️With the increased possibility of Trump winning the election, many OTC funds are waiting for the legalization of cryptocurrencies, which indicates that this year may be an important year for Bitcoin.
2⃣️The CEO of global investment management company BlackRock said that no matter who becomes the US president, the value of Bitcoin, as an asset class that transcends global politics, will not be affected.
3⃣️The market's expectations for further interest rate cuts by the Federal Reserve are heating up, which may bring more liquidity to the market, and investors are seeking high-return assets in this context. Bitcoin, as a high-risk, high-return asset, has become a popular choice for capital inflows.
4⃣️The Mt.Gox trustee extended the repayment period for creditors to October 31, 2025, a move that effectively alleviated market concerns about large-scale selling. As a result, some institutional funds began to flow back into the cryptocurrency market.
5⃣️In October, BTC spot ETFs have inflowed nearly 20,000 BTC, and ETH spot ETFs have also gradually begun to inflow funds, showing a positive shift in capital sentiment.
