Tonight we might witness history. Fed Chairman Powell suddenly submitted his resignation, stating that he will leave after the emergency meeting at 7 PM tonight. As soon as this news broke, Bitcoin surged above 91,000, US stock futures were volatile, and the dollar index also suffered.
Even more astonishing is that during the same time window, BlackRock went on a buying spree, pouring 600 million dollars into the crypto market over these three days. They withdrew 300 BTC from a certain compliant platform, along with 16,000 ETH, and the net inflow for the Ethereum ETF exceeded 68 million dollars in just one day. The number of coins on exchanges is dwindling, yet institutions are still desperately hoarding - just think about that.
There are several questions in the market that no one can clarify: why resign precisely at the end of the year when liquidity is the tightest? What policy adjustments will be announced at this emergency meeting? Will the next person be a dovish or hawkish figure? These variables will directly determine the trends in the coming months.
On-chain data has already started to stir. Whale addresses are frequently transferring funds, the premium of Grayscale GBTC continues to expand, and the Fear and Greed Index has surged into the "Extreme Greed" zone. If the new administration leans towards loose policies and the expectations for interest rate cuts materialize early, then highly elastic coins like ETH and ZEC could take off directly; conversely, if a hawkish route continues, there will definitely be short-term pain, but for long-term players, it could actually be a good opportunity to get in.
To be honest, this is the time that tests judgment the most. On one side is the huge uncertainty at the policy level, and on the other side, institutions are clearly operating in the opposite direction. Are you currently heavily invested or lightly invested? Do you have more faith in the ecological potential of Ethereum or the unique value of privacy coins like ZEC?
Risk warning: The current market is highly volatile, be sure to manage your position and conduct your own research before making decisions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#JoinGrowthPointsDrawToWiniPhone17
Even more astonishing is that during the same time window, BlackRock went on a buying spree, pouring 600 million dollars into the crypto market over these three days. They withdrew 300 BTC from a certain compliant platform, along with 16,000 ETH, and the net inflow for the Ethereum ETF exceeded 68 million dollars in just one day. The number of coins on exchanges is dwindling, yet institutions are still desperately hoarding - just think about that.
There are several questions in the market that no one can clarify: why resign precisely at the end of the year when liquidity is the tightest? What policy adjustments will be announced at this emergency meeting? Will the next person be a dovish or hawkish figure? These variables will directly determine the trends in the coming months.
On-chain data has already started to stir. Whale addresses are frequently transferring funds, the premium of Grayscale GBTC continues to expand, and the Fear and Greed Index has surged into the "Extreme Greed" zone. If the new administration leans towards loose policies and the expectations for interest rate cuts materialize early, then highly elastic coins like ETH and ZEC could take off directly; conversely, if a hawkish route continues, there will definitely be short-term pain, but for long-term players, it could actually be a good opportunity to get in.
To be honest, this is the time that tests judgment the most. On one side is the huge uncertainty at the policy level, and on the other side, institutions are clearly operating in the opposite direction. Are you currently heavily invested or lightly invested? Do you have more faith in the ecological potential of Ethereum or the unique value of privacy coins like ZEC?
Risk warning: The current market is highly volatile, be sure to manage your position and conduct your own research before making decisions.