The third quarter is about to arrive, and this quarter will be a turning point for the cryptocurrency market. First, there is the expectation of interest rate cuts in September (high probability). Secondly, the previously discussed altcoin ETFs may gradually be approved, including sol, ltc, bch, xrp, doge, as well as the staking ETFs for Ethereum. If these altcoin developments proceed smoothly, the market will truly break free from its current predicament.

Since the beginning of the year, apart from Bitcoin appearing to have some profit effect, everything else has essentially been stagnant. For example, the recent Alpha airdrop from B, which saw trading volume surge to first place, has decreased by 80% in May. This indicates that the funds in the market currently have little interest in altcoins, and coupled with the recent wealth effect in the crypto stock market, it has become really difficult for sectors linked to crypto during this cycle.

Looking back, every time the market faces an unavoidable macro sell-off, the returns in the following period are always above 30%. Therefore, before the turning point arrives, what we need to do is to survive in this market, maintaining calmness and patience. #币安Alpha上新