Morning Report: US Stocks Rebound, Crypto Still Not Independent, Fed Rate Cut Expectations Widen
📈 The market enters a phase of volatility and recovery, with funds still favoring BTC, while ETH is suppressed by short selling sentiment.
📊 Market Dynamics: BTC is consolidating, ETH is once again chosen for short selling.
1️⃣ $BTC | Fluctuating between 80,000 - 84,000 range 🔹 Bitcoin stabilizes in the short term, overall trend is positive, but still dragged down by US stocks; 🔹 ETF capital inflow slows down, market sentiment seems slightly cautious.
2️⃣ $ETH | Still the top choice for bears, ETF progress continues to be a tug-of-war 🔹 Market short selling sentiment remains concentrated on ETH, waiting for a "hero" to push the price up; 🔹 SEC confirms receipt of Franklin Ethereum ETF staking proposal application; 🔹 SEC again extends the review period for Fidelity's spot Ethereum ETF options, regulatory uncertainty remains.
3️⃣ $SOL | Sufficient elasticity, but on-chain ecosystem recovery is key 🔹 Yesterday's lowest drop to 111, highest rebound to 128, volatility remains significant 🔹 FTX/Alameda related addresses unstaked 185,000 SOL, worth about $22.88 million, the market still needs to digest selling pressure 🔹 CBOE submits Solana ETF application, institutional attention rises.
🏛️ Policy & Regulatory Dynamics: SEC continues to delay, Fed rate cut expectations unclear
4️⃣ US SEC delays Dogecoin and XRP ETF applications, waiting for new chairman confirmation; 5️⃣ Ripple vs. SEC case is nearing conclusion, both sides are negotiating penalties and injunction terms; 6️⃣ OKX Europe acquires MiFID II licensed company, moving towards a regulated derivatives market 7️⃣ Trump threatens to impose tariffs on the EU, escalating trade tensions between the US, Canada, and Europe 🔹 Watch whether trade frictions will impact macroeconomics and capital flows.
📈 Institutions & Fund Flows
8️⃣ Matrixport: Bitcoin dominance hits a new cycle high, funds rotate back to BTC from altcoins 9️⃣ CME data shows that bullish sentiment has completely faded after Trump's election victory 🔟 Binance announces that Abu Dhabi's MGX will invest $2 billion in it, which may enhance its international compliance layout.
📉 US Stock Dynamics & Macroeconomics
🔹 Institutional views diverge: Inflation data does not support Fed rate cuts, but the market bets on at least two rate cuts within the year; 🔹 QCP Capital: The market expects the Fed to cut rates four times this year.
