📝5/27 ~ 6/02 This week’s key information updates:
There are only four normal trading days this week, and the market is expected to fluctuate greatly. In particular, the market is currently optimistic that the US inflation data PCE will perform better on Friday (monthly expected 0.2%). Combined with the stagnant retail sales data last week, the market risk -on The emotion will turn on again. In addition, the bullish sentiment of institutions on the US dollar is cooling down, and institutions as a whole have increased their net short exposure to the US dollar. If this week's PCE is in line with expectations or exceeds expectations, or if the PMI index is not as good as expected, it will intensify the market's bearish US dollar sentiment, which will add another layer of energy to the cryptocurrency market. Add upward motivation📈.
There are signs that liquidity is improving...😎. Compared with one month ago, the yield curve has returned to the level of six months ago. Short-end interest rates have dropped slightly, and long-end interest rates have dropped by about 1 yard. The institutional market has prepared for potential interest rate cuts in advance. Pricing. RRP continues to fluctuate at the 500 billion level and has a downward trend in synchronization with TGA, which is a potential signal of enhanced liquidity in the future. On the other hand, the European Central Bank will undoubtedly start cutting interest rates next Thursday (6/6).
When liquidity has not yet been fully released, we will see more sector rotations (on-site funds pull up -> cash out -> pull up the next one). The ETH sector has recently been driven by news, and many funds have withdrawn from the SOL and BTC sectors. Into the ETH ecosystem, after the hype cools down, the SOL and BTC sectors after price correction will be the next battlefield for guerrilla funds on the market. It is expected that the SOL and BTC sectors will start to strengthen after the US market opens~
💡There are several important large-amount unlocks this week, such as $DYDX, $ENA , $OP , etc. In particular, ENA is a low-circulation, high-market-capitalization token and will be relatively weak, so we will continue to pay attention.
📊 Take a look at the derivatives data: the capital utilization rate remains stable✅, the overall market is optimistic, and the sector rotation is obvious. $BTC The momentum of the bulls continues to increase, and the chips are slightly concentrated on the short side.
