Since the probability of a rate cut in September is very high, it seems that the date of the rate cut has been finalized.
But how much capital efficiency can the rate cut bring? Because at present, the problem of the market is low liquidity, and the rise is blocked due to the lack of new funds entering the market. The sale of 400 BTC can be enough to smash the market, indicating that there is no purchasing power, so the selling also shows that the market support is very weak.
In fact, the past rate cut speculation can bring a relatively obvious gain effect to the market. The impact of the rate cut on the US dollar index is still relatively large. The current US dollar index data has fallen to 104.518, and it has fallen for two consecutive weeks. Most transactions may gradually choose some high-risk and profitable financial products.
How much space can the rate cut bring?
From the data, the market may have another wave of pin bottoms around $52,000, because the order position is changing, which may be related to the recent spring after the explosion. Most of the chips are ready to go at $52,000.
I think $BTC may have a return of more than 35% - 40%, which is equivalent to the arrival of a big bull market, filling the blank spots in the altcoin market in 24 years.
$SOL has been washing the market. The increase and decrease of SOL are the largest among the top 10 tokens. Although it is a rebound caused by the decline caused by FTX, there are almost too many people holding heavy positions in SOL, which needs to be washed. In addition, the launch of blink has also upgraded Solana to a new gameplay different from the traditional web3 bridge, which has increased the financing probability for SOL.
$OM Because of the cooperation with the Saudi white hat real estate tycoon, $500 million of on-chain funds were injected. Although it was not a direct purchase of OM, it added a lot of liquidity to the OM ecosystem and promoted the activity and price growth of the OM chain, which is lasting.
Finally, I would like to mention IO. There is no need for everyone to criticize IO now. The shipments are almost complete, and the chips between 1.95 and 2.47 US dollars have also increased a lot. Don't be disgusted with this coin anymore. The direction is correct.
