9.3 Macroeconomic Market Analysis

Hello brothers, did you watch the military parade today?

While our country holds its anti-Japanese war military parade, the political issues in the US, UK, and France vary, bond yields continue to rise, and gold prices have reached new highs, indicating that financial turmoil may occur in September!

The increase in gold has driven a rebound in BTC. Since the beginning of this year, BTC's attribute as a risk-averse asset has gradually strengthened.

When looking at issues, we need to focus on the essence: the dollar and the government's bad debt affect their attractiveness as a store of wealth, which has always been one of the factors driving the rise in gold and BTC prices. The chaotic times are coming, and allocating some BTC is certainly correct; there's no need to worry about daily fluctuations.

Previously, we analyzed that Goldman Sachs on Wall Street had recently bought a lot of BTC. Today, Morgan Stanley, with an asset scale of 1.7 trillion dollars, disclosed that it purchased 188 million dollars worth of Bitcoin ETF in the second quarter. The cost for these large institutions is above 100,000 dollars, so BTC is expected to reach at least 200,000 dollars in the future.

Recently, ETH has been slightly weaker compared to BTC, mainly because the Ethereum Foundation has been offloading, disclosing plans to sell 10,000 ETH. We need to wait until this entity has sold off a sufficient amount before it can rise.

Abraxas Capital's two accounts incurred losses of over 100 million dollars due to shorting; this time, the main players have caught a big fish, and they may pull this institution to its limit!

We observe that people around us have not yet borrowed money to buy coins or used credit cards to buy coins. The current expectations for interest rate cuts have been fully priced in,

the market has not yet entered a frenzy stage, so it is suitable to hold coins patiently without rushing or panicking.

This analysis is for friendly reference only. Adults must be responsible for their own decisions. Investment carries risks; please invest with spare money and think independently!