July is about to pass. Since I started participating in October last year, I have encountered a wave of pull-ups. In March this year, I stopped profit on some high-yield assets, and then I began to slowly suffer!
Life is not satisfactory for nine out of ten times, and any success will not be achieved overnight. I thought that the halving of the big pie in April would be a slow bull, but I didn’t expect it to be the beginning of a nightmare. Starting from the Israeli-Palestinian conflict, we paid the military expenses of the war in mid-April, and CZ paid a huge fine from the SEC in May. The expected interest rate cut in June was postponed by the data released by the Federal Reserve. The German government began to sell off its digital assets again, and Mentougou began to pay compensation to everyone again. Despite the launch of the Ethereum spot ETF, we all seem to feel that we are in a long night and can’t see the dawn!
There is an old saying that May is poor, June is desperate, and July is a comeback. July started with a bang. The German government accelerated shipments and finally sold all 50,179 BTC (US$3.3 billion) in mid-July. In fact, the current market value of the entire digital asset market is about 2.5 trillion, and Bitcoin accounts for more than half, which means that the market value of Bitcoin is about 1.2 trillion. Will the sale of 3.3 billion assets bring such a big fluctuation? ?
Moreover, according to the latest data from the Federal Reserve in early July, the expectation of interest rate cuts has been advanced to September. Coupled with the Ethereum spot ETF to be passed in July, the market is not without good news! It’s just that the dealers and big investors use some news to panic everyone, so that everyone can hand over their chips, or through large fluctuations, let the contract holders explode their assets!
With the listing and trading of Ethereum spot ETF, Grayscale’s ETHE is mainly sold. It feels like Bitcoin ETF, falling first and then rising. The launch of ETF is the biggest benefit in the currency circle, and the stock market is also the biggest hidden danger, but the long-term bullish belief remains unchanged!
The Bitcoin Conference is about to be held. How long do we have to wait for the bull market to start and the spring of the crypto market to come! ? We can only hold on and wait and see! !
