#内容挖矿
The current correlation between BTC and US stocks, due to the passage of ETFs, the number of investors who directly and indirectly hold BTC (including ETH) continues to increase. The investment market is just as many friends know. When there are expectations, they speculate on expectations, when there are financial reports, they speculate on financial reports, and when there are no financial reports, they speculate on news.
This has formed a rather procedural system. However, in the currency circle, the substantive content of BTC itself is already quite scarce, and most of them are difficult to resonate with investors. What is repeated every day is nothing more than the trading volume of ETFs and the interviews of several bigwigs, just because there is really nothing more to talk about.
The impact of ETF data on secondary market transactions has gradually decreased. But investors are still the same group, and they can easily apply events that happened in the US stock market to the currency circle, such as macro events.
Relatively speaking, CME's BTC and ETH futures may be a little ahead. In the US stock market, it can be regarded as a mapping in the US stock market, and Coin can be regarded as an index fund of BTC + ETH. Although this statement may not be 100% accurate, when liquidity is mainly provided by American investors, we need to pay attention to the attitude of American investors. ETFs reflect emotions, and CME can be regarded as expectations for the future.
However, BTC turnover on the chain is still low. The dense chip area between $64,000 and $69,000 is still maintained well, and the position is basically reduced by 0.5% every day, which has not caused much impact on the market, and the support level is still solid.
Today, the New York Fed's one-year inflation expectations in July continued to decline, which is a good thing. But in fact, there is another paragraph in the detailed article. The New York Fed said that people's views on credit access deteriorated in July compared with a year ago, and the report said that the proportion of households that think it is more difficult to obtain credit than a year ago has increased. In addition, consumers expect gasoline prices to rise by 3.46%, food prices to rise by 4.67%, medical costs to rise by 7.61%, college education costs to rise by 7.15%, and rents to rise by 7.14% next year.
This means that although inflation has declined, people's livelihood-related issues are still facing difficulties, and expectations for the future economy may not be optimistic.
