The logical analysis you mentioned is very comprehensive and covers many factors. Let’s look at each one:
Compliance channel for ETFs: The US government’s first approval of Bitcoin ETFs and the full opening of the Hong Kong market have indeed provided compliance channels for traditional financial institutions, which may attract more institutional investors to enter the market.
The emergence of new tracks: The rise of new tracks such as Inscription has indeed brought new vitality to the entire blockchain ecosystem, attracting more capital and users. This may further expand the overall market capitalization.
Approval of ETFs such as Ether: If ETFs for mainstream crypto assets such as Ether are successively approved, it will create more possibilities for compliant funds to flow into the market, and may also promote the rise of mainstream digital assets such as Bitcoin and Ethereum.
Psychological factors of BTC halving: Although the actual impact of halving on the market is relatively small, the psychological impact does exist and may inspire more people to pay attention to crypto assets.
The Federal Reserve cuts interest rates: The dollar's return to popular asset sectors is indeed possible, because in a low-interest rate environment, investors may seek higher-yielding assets, and cryptoassets may become one of them.
Improved Web3 infrastructure: Indeed, improved infrastructure can lower the threshold for user participation, which is helpful for the inflow of new users.
The influx of a new generation of young people: The native groups of the Inscription Era have indeed injected fresh blood into the market, and they may have a deeper understanding and recognition of blockchain and crypto assets.
Role of exchanges: The participation of large exchanges does provide more liquidity and traffic to the market, which may make the market more active.
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