Ethereum finally got tough. What is the logic behind it?
Europe promised to cut interest rates in June, so there may be capital inflows from Europe from June, and smart money may have entered the market now.
Bitcoin ETF has had a net inflow of more than $900 million for five consecutive days, and Grayscale Trust Fund holdings have been increasing over the past 30 days.
The world's largest futures exchange plans to launch Bitcoin spot trading. If implemented, it will further attract major Wall Street institutions to enter the digital currency market.
A large amount of traditional funds have entered the currency circle, and the short-selling force has gradually weakened, while the long-selling force has continued to increase. Judging from the on-chain data, the longs still have the upper hand.
The real big market will unfold after Bitcoin breaks through $70,000. It is recommended that the brothers in the car hold on patiently to avoid missing out.
