Today, five months after the SEC approved the Bitcoin spot ETF, BlackRock successfully surpassed Grayscale to become the world's largest Bitcoin ETF holder. It is expected that the gap in holdings between institutions will become larger and larger.
Yesterday, the ETF had a net inflow of 642 coins, about 43 million US dollars, and the inflow slowed down temporarily.
The macro market is relatively cold in the short term. Except for some hawkish words said by several people in the Federal Reserve last night, the market is not very volatile.
Regarding the recent remarks on postponing interest rate cuts or maintaining interest rates, the captain believes that during the interest rate cut cycle, it is unnecessary to speculate too much on things that we cannot control and have a large impact. The most important thing about value investment is the sense of purpose, that is, once the interest rate cut cycle begins, the certainty of the interest rate cut will gradually increase with the passage of time until it is implemented.
The market has basically not changed much in recent days. The strong meme series and fan coin series have gradually peaked and fallen back.
The big cake maintains the form of a high-level oscillating bull market relay, and Ethereum is still strong, with no short-term big short expectations. The bottom of most cottages has been built, and the cycle reversal market is imminent.
For retail investors and institutions alike, the changing points of the market in each time period come from the reversal of the macro level and the arrival of the technical level.
At this stage, the technical level is fully in place. Whether this dry wood can be ignited depends on the PEC data on Friday.
If the data is lower than expected, the market will inevitably rise sharply. Please be patient in this regard.
After Nvidia's stock broke through the historical high position, it did not lead to a general rise in the AI sector in the circle. From the data point of view, the short-term main force's pressure is too obvious. Except for a few strong market sectors such as WLD that broke through the shackles, most of the AIs were quickly changed hands whenever they were overbought. Such bottom-absorbing operations need to be more careful.
Let's talk about this briefly today. Let's encourage each other.