Recently, a picture has been circulated, saying that this is a bull market without mutual takeover.
In fact, the reason is very simple. As I said before, it is not a bull market at all. The general environment has not changed. Where does the money come from to take over each other's rotation? Now it is only the spot ETF of Bitcoin that is bullish. It is the traditional funds that come in to buy Bitcoin, and they can only buy Bitcoin. It has little to do with cottage, including ETH.
Because of this, interest rates will start to be cut in November or December at the end of the year, and the balance sheet will stop shrinking next year. Then interest rate cuts + expansion of the balance sheet will be a real bull market.
Buy in one word~
