#贝莱德IBIT比特币持有量反超灰度GBTC #BTC走势分析 #5月市场关键事件
Mentougou expects ➕PCE data to be released on Friday
The market has been stagnant in the past two days, and on-chain data shows that stablecoins have flowed out of exchanges significantly, which is a bit negative. In the short term, we still have to look at PCE data, and again, how Mentougou handles it.
In the long run, it is still good for three main reasons:
1. U.S. inflation will still decline.
The U.S. consumer default rate released yesterday increased significantly in the first quarter, with the proportion of credit card debt overdue for 90 days or more reaching 10.7%, indicating that the economy may be starting to recession;
2. Major traditional institutions are preparing to enter cryptocurrency.
The Chicago Mercantile Exchange is preparing a cryptocurrency exchange, and the New York Stock Exchange is also waiting for regulatory clarity before entering this field. After all, trading cryptocurrency is a general trend. Users have needs and can make money if they can better meet the needs;
3. U.S. politicians guide cryptocurrency
The American emperor has a good idea. Politicians should please whatever the common people like. Trump has strongly expressed his support for cryptocurrency. The Biden team has also begun to support cryptocurrencies to avoid offending voters who speculate in cryptocurrencies.
In short, in the short term, we still need to look at the PCE data at 8:30 tomorrow night, which is expected to be 2.8%. A higher than expected is negative for the decline, and a lower than expected is positive for the increase.
