Golden Finance reported that Zhou Lele, the deputy chief operating officer of Victory Securities, said that the current expectations of the virtual asset market for the future are mainly influenced by changes in monetary policy, and the market seems to be in a preparatory stage, with a rise of less than 3% in the past week. The future price may rise but the volatility may remain unchanged. As long as the interest rate cut is not imminent, the market will have enough momentum to rise. It is expected that the market will maintain expectations of high interest rates before inflation data improves. In terms of on-chain data, Ethereum's user base is still growing, with active addresses and new addresses reaching historical highs, which may indicate the network's long-term health and growth potential. In terms of on-site funds, the holding of stablecoins, as a "safe haven currency," has decreased significantly on exchanges, which may mean that market confidence has been restored and investors may reinvest funds into higher-risk assets to seek higher returns rather than remaining on the sidelines. As prices rise, the inflow of off-site capital (ETF inflows) and stable on-site holding strategies may be resonating, which will be a key factor in the rise of bitcoin prices and the rebound of volatility.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Golden Finance reported that Zhou Lele, the deputy chief operating officer of Victory Securities, said that the current expectations of the virtual asset market for the future are mainly influenced by changes in monetary policy, and the market seems to be in a preparatory stage, with a rise of less than 3% in the past week. The future price may rise but the volatility may remain unchanged. As long as the interest rate cut is not imminent, the market will have enough momentum to rise. It is expected that the market will maintain expectations of high interest rates before inflation data improves. In terms of on-chain data, Ethereum's user base is still growing, with active addresses and new addresses reaching historical highs, which may indicate the network's long-term health and growth potential. In terms of on-site funds, the holding of stablecoins, as a "safe haven currency," has decreased significantly on exchanges, which may mean that market confidence has been restored and investors may reinvest funds into higher-risk assets to seek higher returns rather than remaining on the sidelines. As prices rise, the inflow of off-site capital (ETF inflows) and stable on-site holding strategies may be resonating, which will be a key factor in the rise of bitcoin prices and the rebound of volatility.