Daniel hasn't started yet, has he?
In fact, the general environment has not changed, and there is still a cycle of interest rate hikes and balance sheet reduction. No water was released. The interest rate cut cycle will begin in the second half of the year, and the end of the balance sheet reduction cycle, and the 25-year interest rate cut cycle will expand the balance sheet. The real bull market is coming when the water is released.
Objectively speaking, ETFs have changed history. In the past, coins were controlled by exchanges and used for lending and liquidity. But now ETF-equivalent coins need to be locked by custodians. This is why the market keeps buying and buying. .
Therefore, once ETH passes ETF, deflation will come and the situation will open🫴
Open up your imagination, raise your expectations, and evacuate when your expectations are met.
