1. Signs of capital inflows: Spot Bitcoin ETFs of large institutions such as Grayscale and BlackRock have seen net inflows in recent times, which shows that the market demand for Bitcoin ETFs is very strong, indirectly reflecting the optimism about the future market of Bitcoin.

2. Expectations of the Fed’s interest rate cut: The Fed said it would cut interest rates twice this year, which will definitely allow more traditional financial funds to flow into the cryptocurrency market, bringing new impetus to the crypto market. The decision to cut interest rates will have an impact on the cryptocurrency market, especially the gold market. As long as the interest rate is cut, the cryptocurrency market will still have a lot of room for growth.

3. Market sentiment: Institutions are buying into every new low, which suggests that the market is waiting for a rate cut decision to determine the future direction of operations.

4. Economic impact: As long as the interest rate cut is implemented, the cryptocurrency economy will continue to grow steadily and gradually, and the good news will still outweigh the bad news, and there is a high probability that it will continue to rise. Therefore, spot users can continue to wait for the main upward trend to arrive.

In summary, there will be speculation in the cryptocurrency market before the rate cut, mainly because the market expects more capital inflows, the Fed’s rate cut decision, market sentiment, and economic impact. #BTC   #ETH