Currently, market sentiment is generally pessimistic, with expectations that the U.S. CPI will rise to 2.7%. If this forecast comes true, it may not have a significant positive impact on the market; however, if the CPI is lower than expected, it could bring a substantial boost to the cryptocurrency sector.
Despite Bitcoin's poor performance recently, even experiencing a bear market-like decline, it is noteworthy that Wall Street ETFs are still actively increasing their holdings, viewing the current pullback as a good opportunity to buy the dip rather than a signal that the market has peaked. Therefore, we should not make hasty judgments about the current market conditions.
This drop is actually aimed at clearing leverage from the market, and after a period of consolidation, the market still has the potential to continue rising.
