The expectation ratio of the first interest rate cut in Sep has increased.
The ratio of the target rate 500-525 was less than the target rate 525-550 a few weeks ago. It seems the first rate cut is coming 🤗
I expect if this year doesn't have a recession, the crypto market will be bullish after the first rate cut.
By the way, the total net BTC(Bitcoin) ETF flows are decreasing. As you know, spot ETH(Ethereum) ETFs could be commencing trading by July 2nd. Is it coincident that the total net BTC ETF flows are bleeding? 🤔
It seems they're preparing to accumulate spot ETH through the recent exit of the spot BTC ETFs 🧐
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