First of all, the German government's BTC selling plan has made progress and its holdings have been drastically reduced from 50,000 to 13,000. If this selling wave can be calmed down within two weeks as expected, the 3 billion selling pressure that has plagued the market will be released, and the cryptocurrency market is expected to usher in a strong rebound after all the negative news has been exhausted.
The email revealed that a compensation hearing will be held soon, and more than $10 billion will be returned to creditors. These funds will be returned in the form of US dollars. Considering the current strong market expectations for the bull market, most creditors will choose to reinvest this part of the funds in the cryptocurrency circle. The emergence of this huge buying will undoubtedly bring a new round of upward momentum to the market.
The latest remarks by the Fed Chairman are like a bombshell. The focus of the meeting has quietly shifted from the shadow of inflation to the deep concern about the risk of recession and the job market. This is undoubtedly a clear signal of a change in policy direction. Looking back at the latest revised data released by the Department of Labor, the employment growth data for April and May were significantly lowered, with a cumulative decrease of nearly 111,000 people, a drop of 30%, revealing that the true face of the US labor market may be far from as optimistic as it appears. The previously high employment data may be just a short-term halo on the political stage, and behind it lies a complex economic truth.
At the same time, the decline in inflation data is like a general fall of sweet rain. The latest CPI has dropped to 3%, not far from the 2.5% before the epidemic, indicating that price pressure is gradually easing. My prediction on Monday was verified. The positive CPI undoubtedly injected a shot of adrenaline into the cryptocurrency market, indicating the potential for a surge in prices. The Fed's policy orientation may usher in a major adjustment, from tight monetary policy to loose monetary policy to cope with the possible risk of economic slowdown.
It is expected that the Federal Reserve will start a rate cut cycle from September this year, and there may be some action at each meeting. By July next year, the cumulative number of rate cuts may reach eight times, and the interest rate level may fall sharply, almost halving. This is undoubtedly the long-awaited super-large money release in the market, which will bring unprecedented liquidity feast to the global financial market, especially the cryptocurrency market.
Multiple favorable factors are ready to go, waiting to work together at the right time. In October, the shadow of the Mentougou incident will gradually dissipate, and FTX's tens of billions of funds will be released, injecting new vitality into the market; the results of the US presidential election will be announced, and the policy direction will become clearer; Ethereum's upgrade is even more eye-catching, and technological innovation leads the industry forward; the Halloween effect may bring a short-term carnival to the market; and the Fed's large-scale money-printing policy is the ultimate engine to drive the market to take off.
In such an era, stick to your faith and hold on to your positions, because the light of dawn is slowly coming towards us through the fog. Your Mercedes, your Porsche, and your Lamborghini will beckon you at the end of the year, so you must hold on, because the light of dawn is really just around the corner!
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