Today's news and analysis in the cryptocurrency circle on November 15, 2024: BTC

1. The impact of Powell's hawkish remarks: Last night, Powell's speech released a clear hawkish signal, which is very likely to be the key factor causing the callback phenomenon in the cryptocurrency market today.

The FOMC (Federal Open Market Committee) effect after the election has temporarily subsided, and the speculative sentiment in the market has weakened, and investors' positions have also been reduced accordingly.

In view of this situation, it is recommended to reduce positions appropriately in the near future and always remain cautious.

2. Changes in CME futures-spot spreads: At present, the spread between futures and spot on the Chicago Mercantile Exchange (CME) is gradually narrowing, and there is about half a month left before the futures delivery date.

Based on the current market conditions, funds engaged in arbitrage activities still maintain most of their positions and have not yet withdrawn from the market.

3. ETF fund inflows: Affected by the volatility of the cryptocurrency market, the inflows of funds into the two crypto exchange-traded open-end index funds (ETFs) IBIT and ETHA have shown a decreasing trend.

Although these two funds are still maintaining a net inflow of funds within the framework they set, the overall amount of funds flowing in has dropped significantly, which has also increased the selling pressure faced by the market.

In summary: the current market sentiment in the cryptocurrency circle is still in a relatively cautious state, especially before the overall market situation is fully understood, investors must not rush to increase or reduce their positions.

You should follow the trend and always maintain a rational way of thinking. You must know that in the bull market, investors are more likely to make operational errors. Therefore, be sure to do a good job of self-research (DYOR). If you want to delve deeper into the cryptocurrency circle, but can't find a clue, and want to quickly understand the information gap, whether it is a contract or spot, you can 👉 Learn more in my profile #超级MEME周期？ #BTC冲破9万