Dear cryptocurrency investors, the crypto market is currently in turmoil, and a thrilling fluctuation is underway. ETH has broken through the significant 2510 mark, while the adjacent US stock market has plummeted like a waterfall, leading many investors to hesitate on whether to short at this time. My answer is: be extremely cautious, and I do not recommend entering lightly!
Let's first sort out what happened during this thrilling night.
1. Just tonight, first, 1 billion USDT quietly entered the market, and then at 20:09, Tether launched another issuance operation of 1 billion. In just one hour, 2 billion in real money surged into the crypto market, which is a solid flow of funds, instantly stirring up the market.
2. From a macro data perspective, the annual and monthly rate data released tonight are genuinely favorable for the crypto space. Let me explain a bit about PPI, which stands for Producer Price Index, a leading indicator of inflation. If PPI continues to weaken, it indicates that inflationary pressures are gradually diminishing, and the probability of the Fed cutting rates will significantly increase. This is undoubtedly a major positive signal for the cryptocurrency market, as funds are expected to flow in further, driving up coin prices.
3. What’s even more striking is that Powell's recent remarks have dropped a bombshell on the market. He emphasized just one key point: no comments on the outlook or monetary policy. However, he also revealed important information that the PCE data for April might be around 2.2, which is very close to the Fed's target value for a rate cut of 2. However, this official data will not be published until May 30, and Powell has given everyone a 'preventive shot' in advance. This statement has directly made the market's expectations for future rate cuts more certain, and the future trends of the cryptocurrency market are consequently attracting much attention.
4. Additionally, although the issuance of USDT does not immediately mean that coin prices will rise, it is important to note that the whales are the 'smart money' in the market, and their capital movements often reveal key information. These whales are willing to buy heavily at this time, which surely indicates that they believe the current coin prices are quite attractive and are in a relatively reasonable position with opportunities for growth. Therefore, in this situation, if we ordinary investors blindly short, the risks can be too high, and a slight misstep could leave us caught off guard by the market's violent fluctuations, resulting in huge losses.
In short, the current cryptocurrency market is at a sensitive and opportunity-filled critical juncture. Everyone must stay sharp, operate cautiously, and not be blinded by momentary ups and downs. Let’s pay attention to the market's subsequent trends together and seize the potential opportunities that may arise!
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