The CPI data was released yesterday at 2.5, which was lower than expected, but it did not have much impact on the market. Therefore, the 25-point interest rate cut in September is basically a foregone conclusion, and there will be no more deviations. As for whether the data is true or not, it is another matter, but the inflation rate has indeed moved in the direction of the Federal Reserve, so there is nothing else to say. Wait for the start of the interest rate cut cycle. The subsequent speculation is the extent of the interest rate cut and the cycle of the interest rate cut.
On September 11, the Bitcoin spot ETF had a net outflow of 43.9 million US dollars, and the Ethereum ETF had a net outflow of 500,000.
Everyone seems to prefer traditional safe-haven assets such as gold rather than Bitcoin. Data shows that the correlation between Bitcoin and gold has dropped significantly recently. The price of gold has recently hit a new high of more than $2,500 per ounce, while Bitcoin has been falling and is currently more than 20% lower than the historical high of more than $73,000 in March. Therefore, the addition of ETFs will only make Bitcoin more inclined to US dollar assets rather than safe-haven assets. The attribute of safe-haven assets or digital gold will become weaker and weaker as the share of ETFs increases in the future. Moreover, as the system improves, the price of Bitcoin market should be further controlled by US investment institutions, and even break the previous cyclicality and become a more complex market.
V God posted on social media yesterday. First, he was still promoting ENS. To be honest, he can no longer promote it. Then he responded that he sold ETH because of the triggering of automatic orders. Then he said that POS is more decentralized than POW, and he said that he would only talk about L2 of Phase 1 in the future. Now this guy gives me the feeling that he is no longer a technical founder, but more like a KOL who shouts orders. There is no strong basis and logic. He just shouts for nothing and recharges the faith of retail investors and pledgers. Then the foundation and himself secretly sell the goods. The shouting is also very weak. Isn’t it a bit like a KOL?
In the current market, I have dozens of response plans
If you can keep up
Leave a message, let me see!
++++++++++
