Ethereum has seen a strong rise, what is the logic behind this?
First, Europe plans to start cutting interest rates in June, which means that more funds may flow into the market. Now there may be smart funds starting to lay out.
Secondly, Bitcoin ETF has had a net inflow of more than $900 million for 5 consecutive days, and trust funds have continued to increase their holdings in the past 30 days. This shows that confidence in Bitcoin has increased.
In addition, the world's largest exchange-traded program, which is also the world's first exchange to achieve exchange trading.
A large amount of traditional funds have entered the military currency circle, the short force has gradually divided, and the long force has continued to increase. The on-chain data also shows the depth of bullish sentiment.
The real big market may gradually unfold after Bitcoin breaks through $70,000. Therefore, the brothers in the car suggest holding patiently to avoid losing opportunities.
