Market trends require observation after the US stock market opens. Pre-market futures declines may affect the broader market, but without actual bearish news, the market should calm down. Personally, I am clear about not short-selling. Judging the overall direction is not difficult. The cryptocurrency market pullback is within expectations, while other investments are profitable. Who says you can't make money in a poor market? Interest rate cuts do not immediately lead to quantitative easing (QE), which typically occurs during low or zero interest rates.
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In the last 24 hours, BTC on-chain trading volume reached a recent low, with less than 45,000 BTC traded, a level unseen even on Sundays for several months. This indicates the reaction of pure BTC investors without interference from market makers and institutions. During this period, 18,530.66 BTC were traded at a holding price of $22,821, with an unknown source. There have been no significant changes in BTC holdings on exchanges recently, with low trading volume. Any transactions, if any, may have entered the OTC market.
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Market rallies driven by factors like Japan's no-hike policy and stable ETFs. Investor sentiment is steady, with short-term investors shifting to long-term holdings. Macro data like US treasuries and dollar trends impact market sentiment.
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