Fucking market: ETF outflows plummeted, ETF inflows fell slightly
Although both Bitcoin and Ethereum ETFs have inflows, Bitcoin has a net inflow of $50.64 million, and Ethereum has a net inflow of $26.74 million, but the entire market is still falling.
The reason is that the market currently has no other inflows except ETFs. I don’t know if you have a feeling that in the past two years, almost no newcomers have entered this industry. On the one hand, the domestic economy is not doing well, and on the other hand, domestic supervision is indeed getting older and stricter. In addition, the Fed’s interest rate hikes have sucked blood, and the liquidity of this industry is getting worse and worse.
Many cottages have hit a new low in September last year in this round of corrections. Many people are skeptical about whether there is still a bull market now. In fact, there is no need. The biggest narrative of this round of the market:
1. ETF
2. Interest rate cut
It is currently being realized. After the Ethereum ETF is passed, the next high probability is SOL. The interest rate cut will come as scheduled in November at the latest, but the grand bull market may be delayed. The reason is that the market has no money. So I make a bold prediction:
This round of bull market may come later than previous cycles. Maybe it will take several consecutive interest rate cuts before a large amount of funds will enter crypto. There is also a possibility that after the pricing power of Bitcoin and Ethereum is taken away by Wall Street, this round of crypto bull market will be longer than previous cycles.
