It has been rumored that the Ethereum spot ETF market will be approved on July 2. Sun has recently increased his holdings significantly. Last night, the chairman of the SEC said that everything went well. It is expected that after the approval, the inflow of funds can be captured to be 2.8 billion dollars. The exchange rate of Ethereum to Bitcoin will remain strong before it is landed.

Regarding the Federal Reserve, Cook said: Inflation will continue to decline and will cool down faster next year. It is appropriate to cut interest rates at some point. The Federal Reserve has always been cautious, and the market is much more open. Institutions expect the next round of gains to be close to the Federal Reserve's interest rate cut cycle. The market is waiting for interest rate cuts. At present, about 7 trillion dollars of huge funds are locked in the banking system with an interest rate of up to 5.5%. Once the Federal Reserve enters a rate cut cycle, a large amount of funds will flee to the market for purchase, which is also one of the logics of the bull market.

It is normal for the bull market to rise and fall, waiting for the wind to come.