Today, five months after the SEC approved the Bitcoin spot ETF, BlackRock successfully surpassed Grayscale to become the world's largest Bitcoin ETF holder. It is expected that the gap in holdings between institutions will become larger and larger. Yesterday, the ETF had a net inflow of 642 coins, about 43 million US dollars, and the inflow slowed down temporarily.
The macro market is relatively cold in the short term. Except for some hawkish words said by several people in the Federal Reserve last night, the market has not been very volatile. Regarding the recent remarks on postponing interest rate cuts or maintaining interest rates, I think it is unnecessary to speculate too much on things that we cannot control and have a large impact during the interest rate cut cycle. The most important thing for value investment is a sense of purpose, that is, once the interest rate cut cycle begins, the certainty of the interest rate cut will gradually increase with the passage of time until it is implemented.
The market has basically not changed much in recent days. The strong meme series and fan coin series have gradually peaked and fallen back. The big cake maintains the form of a high-level oscillating bull market relay, and Ethereum is still strong, with no short-term big short expectations. The bottom of most cottages has been built, and the cycle reversal market is imminent.
Like retail investors and institutions, the changing points of the market in each time period come from the reversal of the macro level and the arrival of the technical level. At this stage, the technical aspects are fully in place. Whether this dry wood can be ignited depends on the PEC data on Friday. If the data is lower than expected, the market will inevitably rise. Please be patient in this regard.
After Nvidia's stock broke through the historical high position, it did not lead to a general rise in the AI sector in the circle. From the data point of view, the short-term main pressure is too obvious. Except for a few strong sectors such as WLD that broke through the shackles, most AIs were quickly changed hands whenever they were overbought. Such bottom-absorbing operations should be more careful.
The unpopular sector Rune made a small move today. Speaking of this, I really want to remind everyone. Based on the previous experience of the sudden outbreak of the inscriptions in the early batch, the rune sector, which has been unpopular for some time, can be considered for the top ten targets. If you come to a market hotspot like the inscription, it is simply a money-making market. Of course, this sector is only suitable for small-scale speculation.
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