No bull market without rate cuts?

Whether the bull market is bullish or not or the rise mainly comes from the inflow of external funds (internal funds are a negative-sum game, after all, part of it is paid to the exchange for handling fees, and the other part has to bear the selling pressure of miners)

This wave of BTC spot ETFs has facilitated the inflow of funds from the external financial market into the cryptocurrency circle, and it is also the inflow of funds from many institutions

In fact, the impact of halving is not very large at present. The interest rate cut can indeed bring a large amount of capital inflow, or a large amount of capital into the risk market (such as the US stock market), and then the US stock market pulls up the funds to overflow into the cryptocurrency circle (now there is BTC spot ETF, the synchronization will be much higher), so the interest rate cut can bring a large amount of funds, especially in the middle and late stages of the interest rate cut, each market will definitely have a very good performance.

It can only be said that the interest rate cut will bring a lot of funds to the cryptocurrency circle. Of course, other channels are also OK. The most important thing is what kind of way to bring incremental funds.

If there is no interest rate cut, other channels cannot bring incremental funds, so it will be like this.

Of course, let alone whether to decentralize or not, it can only be said that the joining of Bitcoin to spot ETFs has been greatly affected by the US stock market.

Moreover, if a crisis occurs later, such as a big crash, many institutions will choose to sell the big pie ETF under similar profit and loss ratios and buy high-quality stocks such as Nvidia and Microsoft (similar profit and loss ratios, such as the same multiple increase)

Personal opinion, just a joke, please don't criticize.

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