Ether spot ETF has not yet landed, but SOL ETF has shown signs. According to SEC documents, asset management institution VanEck has submitted SOL trust application documents to the SEC and stated that SOL is a commodity, although the SEC called it a security in the lawsuit.
The most important set of data this week will be released at 8:30 tonight. The core PCE in May is expected to be 2.6%, and the previous value is 2.8%. The market believes that it will decline. Let's wait and see. Before the Fed enters the interest rate cut cycle in September, it will be affected by the data.
So every important data disclosure is important to Bitcoin. Whether Bitcoin has bottomed out requires subsequent data stimulation. I think the adjustment is definitely enough (nearly 4 months). The market will not continue to adjust. The direction of the bull market cycle is upward. The logic of continuing to rise remains unchanged. Stay patient and keep a good attitude. The bottom of the bull market will continue to rise.
