The reasons for this rebound are as follows:
1. With the slowdown of CPI inflation, macro market sentiment is positive. The market currently expects a 95% chance of a rate cut in September
2. The German government sold off 50,000 BTC in 24 days
3. Spot ETF demand is strong, with a net inflow of about $1 billion this week. Although retail investor sentiment is in a state of panic, large hedge funds have been actively increasing their BTC upside exposure, especially December and March call options, targeting a price level of $100,000-120,000
4. Spot Ethereum ETF is expected to be approved for listing next week
At present, many traditional funds are still on the sidelines in the market, and new funds lack the motivation to enter the market.
However, Wall Street ETFs and bigwigs in the currency circle are already quietly laying out. As a retail investor, if you want to make money, you must follow the rhythm of big funds.
Bottom-fishing requires controlling the rhythm. Don't chase when it goes up, and slowly bottom-fish after it falls.
Don't always think about being able to bottom-fish, no one can do this, not even the bigwigs.
"If you are still underwater and can't see the market trend clearly, if you are bullish, it will fall, if you are bearish, it will rise. Follow my homepage and I will share the profit code for free every day."
