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The interest rate cut will come sooner or later, so let's give you an expectation in advance.
Last night, the macro data suddenly took a turn. The Federal Reserve once again emphasized the control of inflation and hinted in a hawkish manner that it did not rule out the possibility of another rate hike, which directly reversed the trend of starting a short-term annual rate cut. The big bears fell sharply in response, and the structural support level of 60,000 points is currently in jeopardy.
Many of you may have questions. From January to now, ETFs have been showing a relatively stable inflow over a long period of time. Except for Grayscale GBTC, there has been no large-scale capital outflow. Then, during the correction period after Bitcoin hit a high of 74,000 US dollars, the total amount of ETFs also maintained a relatively stable inflow. So how did the market fall?