After this pullback in the middle of the bull market, there will be a rapid pump later, possibly accompanied by the approval of the Ether ETF or interest rate cuts. However, any upward movement in the market must shake out most retail investors; otherwise, the later rally will not be significant. Many people are optimistic that the spot Ether ETF will be approved in July, bringing about a new market trend. However, from the perspective of time and space, the adjustment is still not in place. Even if there is a small increase, it will be a trick to get on board and then harvest.
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LordGrim9
· 2024-06-30 01:45
Julio Moreno, the research director of CryptoQuant, pointed out in an article published on X that the data shows a 7.6% decrease in the signs of Bitcoin miners' capitulation, which is the same level as in December 2022 when the FTX crash marked the cyclical low.
After this pullback in the middle of the bull market, there will be a rapid pump later, possibly accompanied by the approval of the Ether ETF or interest rate cuts. However, any upward movement in the market must shake out most retail investors; otherwise, the later rally will not be significant. Many people are optimistic that the spot Ether ETF will be approved in July, bringing about a new market trend. However, from the perspective of time and space, the adjustment is still not in place. Even if there is a small increase, it will be a trick to get on board and then harvest.
#币圈观察员 #目前山寨已触底了吗?你看好哪些山寨币?