July starts off poorly! Is the crypto world falling into a 'good news paralysis'? A deep analysis of three unusual phenomena in the market
Unusual Phenomenon 1: Bombarded with good news yet unable to rise
1. Public companies are frantically hoarding coins: Following MicroStrategy, there is now an 'ETH version of MicroStrategy', with a certain institution continuously increasing its Ethereum holdings
2. Major actions from brokerages: Robinhood suddenly opens ETH/SOL staking services, further opening traditional financial channels
3. Loose liquidity: Expectations for Fed rate cuts are rising, and market liquidity continues to improve
Unusual Phenomenon 2: Serious divergence between US stock crypto stocks and coin prices
1. Stocks like MARA/RIOT have three consecutive monthly gains
2. COINBASE's stock price has doubled compared to the beginning of the year
3. Despite the Nasdaq index reaching historical highs, BTC is stuck at the 60,000 mark
【Technical Alarm】
1. BTC weekly MACD death cross continues
2. ETH/BTC exchange rate breaks below key support level
3. The total open contract volume in the market surges, but prices remain stagnant
【Divergent Institutional Opinions】
Bullish camp: Grayscale's report indicates that it is currently the 'calm before the storm', and ETF funds will restart inflows
Bearish camp: On-chain data shows that whales are continuously depositing into exchanges, potentially brewing greater selling pressure
Neutral camp: The traditional off-season effect in Q3 combined with the exhaustion of good news may lead to continued fluctuations until late July
!! Pay attention to national trends, guiding you to see beyond the surface, no panic in bull or bear markets!!
