đš Exit? Bearish? Don't worry! Here are 10 bullish reasons for the crypto market that you can't refute! đš
Bitcoin's pullback is only part of the bull market: BTC has just experienced a 33% pullback, SOL has fallen 45%, and ETH has also adjusted 38%. History tells us that during the period of liquidity recovery, this kind of pullback often means a "big reshuffle" to pave the way for the next round of rise.
Funding interest rates are reset and selling pressure is reduced: the oversupply situation has been alleviated, and most forced sellers have been liquidated by the market. Bitcoin MVRV has dropped to 1.47, long-term holders have re-entered the market, and the price remains above the 200-week moving average.
Market fear, opportunity comes: investment is always counterintuitive, and the current fear is a necessary condition for the next wave of rise. In particular, ETH is disgusted, and it is a good time to pick up cheap chips.
The business cycle is at the bottom: not the peak, the ISM index is below 50, indicating that the future economic recovery is expected to boost the rise of risky assets.
The Fed may cut interest rates: It is expected that in September this year and next year, the Fed may take interest rate cuts to inject more liquidity into the market due to rising unemployment and falling inflation.
The Bank of Japan stopped raising interest rates: This decision will have a positive impact on global market liquidity.
The US fiscal deficit has widened: In an election year, the fiscal deficit reached 6%, which will inject more funds into the market.
Cryptocurrency has become an election issue: Trump expressed support for the establishment of a strategic Bitcoin reserve, and this news may promote the attention of crypto assets worldwide.
Big funds are entering the market: Major wealth management companies sell BTC and ETH to clients through ETFs, which are expected to improve the risk-adjusted returns of portfolios in the future.
Market risks have been greatly reduced: CeFi companies that were over-leveraged in the previous cycle have been eliminated, and systemic risks have been significantly reduced.
đ Summary: There is no reason to be bearish! The current decline may just be a "trap" for whales to pave the way for future gains. Stay tuned and plan ahead!
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