Early~ It feels like the cryptocurrency market will experience a significant rebound in the next 1 to 2 months, likely around the time of the next FOMC meeting. Currently, there are quite a few positive news in the market.

1. As of now, the Federal Reserve's RRP balance has decreased by $2.5 trillion from its peak, returning to levels seen in April 2021. This suggests that quantitative tightening (QT) may come to an early end, and the market is expected to inject a substantial amount of liquidity.

2. Starting from the 18th of this month, FTX will compensate in the form of stablecoins, with a total amount of $7 to $8 billion. Most of this capital should flow back into the cryptocurrency market. Interestingly, when FTX collapsed, ETH was around $2,500, and it is still consolidating in that range.

3. The application for ETH ETF staking functionality is highly likely to be approved, and with an annualized yield of around 4%, this could attract some TradFi capital into the crypto space.

4. Some countries and institutions are still buying Bitcoin or advancing actions in the cryptocurrency field. For example, the Abu Dhabi sovereign wealth fund and Goldman Sachs have been continuously purchasing Bitcoin on a large scale in recent weeks, while MicroStrategy is consistently using a time-weighted average price (TWAP) strategy to buy Bitcoin.

5. The market generally predicts a 65% chance of approval for the XRP spot ETF, a 90% chance for the LTC ETF, a 75% chance for the DOGE spot ETF, and a 70% chance for the SOL ETF. Although not all may be approved, it indicates that with the changes in the SEC and major regulatory agencies in the U.S., the crypto-friendly stance is gradually being implemented.

6. The U.S. is expected to introduce cryptocurrency regulatory policies within the next 60–90 days. Currently, over 22 states in the U.S. have submitted bills intending to incorporate Bitcoin into state reserves.

7. Sentiment data indicates that the market is nearing the bottom. For instance, Sol's TVL has decreased by nearly 30% since mid-January, the RSI is at 37.02, and the OBV indicator is also on a downward trend, suggesting that the selling pressure at this price level is nearly over. Typically, extreme negative sentiment in the market signals a major turning point, and perhaps this is the beginning of a new round of rebound opportunities. #doge #Xrp🔥🔥