リン -- NEWS (3karsamuel)
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🚨DXY COOLING OFF - IMPORTANT SIGNAL FOR THE MARKET Last week, the Dollar Index (DXY) pulled back after a prolonged period of strong gains. Compared to the previous week, this weakening is a notable change because DXY had previously been approaching levels that could add further pressure on Bitcoin and risk assets. The main reason for the DXY decline comes from expectations around monetary policy: 🔻Kevin Hassett, who holds a dovish stance, has unexpectedly become the top candidate for Fed Chair. 🔻The probability of the Fed cutting rates as early as December has surged from below 35% to over 80%. When the market prices in a softer stance from the Fed, DXY immediately cools off👉a positive signal for Crypto during the current period of weak sentiment. According to Tomas's analysis, the 3-month volatility of DXY often precedes movements in the S&P 500 and Bitcoin. 👉This is likely to impact Bitcoin in the coming weeks or months.
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Alt Season Index hits 20, we're still in Bitcoin season
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🚨NOVEMBER SAW THE LARGEST BITCOIN ETF OUTFLOWS Bitcoin ETFs posted $3.48B in net outflows in November, the 2nd WORST month after February ($3.56B). The month also had the 2nd and 3rd BIGGEST single-day outflows ever.
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What's going on today #socialsummer
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