Overview of the key logic of the formation of a big bull market:

The formation of a big bull market is often rooted in the convergence of multiple positive factors. First, as an important node in the market cycle, Bitcoin halving increases scarcity by reducing supply, usually stimulating market enthusiasm for a period of time after halving, and becoming a catalyst for rising prices.

Second, the entry of ETF institutional funds brings a large amount of new liquidity to the market. With the launch of cryptocurrency ETFs, institutional investors are able to participate in the market through traditional financial channels. Although this process involves complex decision-making and execution processes, once it is launched, its fund scale and market influence cannot be underestimated.

At the same time, macroeconomic policies, especially the Fed's interest rate cut decision, provide the market with a loose monetary environment, reduce capital costs, increase market risk appetite, and provide a soil for the rise of high-risk assets such as cryptocurrencies.

In addition, the friendliness of the political environment also directly affects the performance of the cryptocurrency market. In major economies around the world, if the political leadership is open to technological innovation and decentralized finance, it will help reduce regulatory uncertainty and attract more investors and funds into the market.

Finally, the approval of Ethereum ETF will be another milestone in the development of the cryptocurrency market. As the leader in blockchain technology and smart contracts, the launch of Ethereum ETF will further broaden the investment channels of cryptocurrencies, enhance market confidence, and inject new vitality into the market.

In summary, the formation of the bull market is the result of multiple factors such as the Bitcoin halving effect, the entry of ETF institutional funds, loose macroeconomic policies, friendly political environment, and the approval of specific cryptocurrency ETFs. These factors are intertwined and jointly promote the formation of the market's upward trend. However, investors should recognize the uncertainty and volatility of the market, maintain a rational investment attitude, and carefully assess risks. #比特币行情 #美国6月CPI大幅降温 #币安7周年 $BTC #美联储何时降息？ #美国大选如何影响加密产业？ $ETH