#加密市场反弹 #美联储降息倒计时 $BTC $ETH The market's expectation for a rate cut by the Federal Reserve in December has risen to 84.9%, boosting the appetite for risk assets.
The US dollar index has weakened slightly, and market liquidity is relatively thin due to the Thanksgiving holiday, allowing smaller capital flows to push the market.
Funds are warming up
BlackRock's Bitcoin ETF and other products have recently ended a wave of redemptions, recording an inflow of $130 million.
The Ethereum ETF has also seen significant inflows, with nearly $97 million flowing in on a single day, November 24.
Market sentiment shifts
In the Bitcoin options market, call options with a strike price of $100,000 have replaced put options, becoming the product with the largest open interest, sending optimistic signals.
The funding rate for Bitcoin perpetual futures has turned positive, indicating that bullish leveraged bets are regaining dominance in the market.
Other noteworthy developments
In addition to the core driving factors mentioned above, there are some positive signals in the market and outstanding performances by individual cryptocurrencies.
· Improvement in technical indicators: Taking Ethereum as an example, some of its technical indicators show bullish momentum. The MACD indicator has entered positive territory, while its price is near the lower Bollinger Band, which is typically seen as a signal for a short-term rebound.
· Rotation of market hotspots: Privacy coin Zcash (ZEC) saw an astonishing increase in November, exceeding 1000% at one point, and becoming the most searched asset on the Coinbase platform. This reflects that in the context of an overall market rebound, funds are also seeking specific narratives and hotspots for speculation, leading to sector rotation.