Chainfeeds Summary:
"The market may be underestimating the room for interest rate cuts, and there will be more rate cuts next year than the market currently expects."
Article source:
https://www.techflowpost.com/article/detail_29500.html
Article Author:
TechFlow TechFlow
Opinion:
Miles Deutscher: The panic selling in the market is nearing its end. The four-year cycle never really existed. Rate cuts are practically a foregone conclusion. Some sovereign wealth funds are on the move, gradually adding to their positions at 120,000, 100,000, and I know they bought even more at 80,000. The core driver of the Bitcoin market is liquidity, not technical chart lines or indicators like the 50-day moving average. Bitcoin is essentially a "liquidity sponge," absorbing liquidity from the market. The market may be underestimating the scope for rate cuts; there will be more rate cuts next year than the market currently expects. The current market performance is more related to the macroeconomic environment than to internal Bitcoin events. We are currently in a bottoming phase, and the market is more likely to break upwards than continue to fall in the coming months or even quarters. After significant market volatility, there will inevitably be selling pressure when the market first rallies to key resistance levels. What really matters is how the market reacts to these key levels, not just whether the price breaks through or falls below them. Banks gradually opening up cryptocurrency to their customers is a long-term global trend. Financial institutions will inevitably have to compromise and join the cryptocurrency trend; it has become a certainty. If you were a nation or sovereign wealth fund wanting to accumulate Bitcoin, you certainly wouldn't announce it publicly at first, until you were satisfied with your holdings, or perhaps never at all, because you don't want to be the first to market. Bitcoin is gradually becoming an attractive long-term diversification tool. Bitcoin-backed lending may be a sign of Bitcoin's growing legitimacy as an asset class. The main source of selling pressure on Ethereum is treasury funds; as long as they continue to hold, ETH may achieve over-allotment in the short term. A significant advantage of prediction markets is that they allow you to trade the same assets as in traditional markets without the risk of liquidation. The trading logic of prediction markets is simply yes or no; this simplicity lowers the investment threshold and reduces unnecessary risks. Prediction markets are a very basic yet effective way of trading, especially in areas with low liquidity, such as pre-market markets, and it may be one of the most product-market-fit innovations in the crypto space today.
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