Recently, the market has exploded—Fed chairman Powell confirmed that he will step down on December 1st. What does this mean for the crypto space? Simply put, the barometer of monetary policy is changing, and the market will definitely need to readjust to the new rhythm.

However, interestingly, the on-chain data is quite strong. Funds continue to pour in for the Bitcoin ETF, indicating that large capital has not been deterred by this news. Investors are buying as they should and hoarding as they like, and this calmness somewhat reflects a sense of "long-termism."

Short-term fluctuations are inevitable, but looking at the flow of funds, mainstream institutions' confidence in Bitcoin remains solid. In the coming weeks, we'll slowly see how the market digests this variable.

BTC-8.06%

View Original

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.

11 Likes

Reward
11
7
Repost
Share

Comment

0/400

SocialAnxietyStaker

· 17h ago

Should we be nervous about Powell stepping down? However, looking at the fund flows of ETFs, it seems that large investors are not panicking at all. --- Instead of getting tangled up in policy changes, it's better to see who is actually buying Bitcoin with real money; that's the hard indicator. --- Long-termism sounds sophisticated, but to put it bluntly, it's just betting that the new chairman will also engage in point shaving, hhhh. --- On-chain data doesn't lie; that's the truest market sentiment. --- There's still a lot going on in December; anyway, I'm continuing to accumulate and waiting for the reversal. --- The influx of large funds says it all, retail investors, don't scare yourselves. --- This period before the new leader takes office is really a test, seeing who can endure until the policies are clear. --- Short-term fluctuations? I'm used to it; after all, fluctuations are just discount time for long-term players like us. --- Powell's departure adds an uncertainty variable to Bitcoin, but the market's reaction has already given the answer. --- Funds don't lie; the continuous influx shows that everyone has seen through it.

View OriginalReply0

NFTBlackHole

· 17h ago

What difference does it make if Powell steps down? Large Investors are still going crazy buying Bitcoin, truly no falsehood.

View OriginalReply0

MetaverseVagabond

· 17h ago

Powell stepping down means they want to dump? Wake up, big funds are not panicking at all, they are still pouring money into ETFs, this is real confidence.

View OriginalReply0

GasFeeTears

· 17h ago

I was really a bit nervous when Powell stepped down, but the on-chain data directly contradicted my concerns; the ETF inflows didn't stop at all. This is the attitude of the institutions, right?

View OriginalReply0

GateUser-5854de8b

· 17h ago

Powell stepping down and a newcomer taking over isn't a big deal, the crypto world has seen all sorts of storms already. Speaking of which, the continuous inflow into ETFs is the real highlight; institutional money doesn't lie. It's normal for short-term fluctuations, whether it rises or falls, anyway, I will continue to hold, long-termism is the way to go.

View OriginalReply0

SignatureLiquidator

· 18h ago

Powell stepping down is something we've been waiting for, but changing to someone else won't change much. On-chain data speaks volumes; that's why I am optimistic about Bitcoin.

View OriginalReply0

NFTArtisanHQ

· 18h ago

powell's exit might be the aesthetic rupture the market needed. institutions buying the dip—that's what i'd call proof of conviction embedded in the blockchain narrative itself. the tokenomics of trust just shifted again.

Reply0

Trending TopicsView More
#JoinGrowthPointsDrawToWiniPhone17
221.18K Popularity
#DecemberMarketOutlook
13.19K Popularity
#GIGGLEAndPIPPINSurge
2.19K Popularity
#LINKETFToLaunch
1.9K Popularity
#SharingMy100xToken
2.65K Popularity

Hot Gate FunView More

1
BEARBear Market Coin
MC:$3.45KHolders:3
0.53%
2
BEARACLESBearacles
MC:$3.34KHolders:1
0.21%
3
bobbob
MC:$3.34KHolders:1
0.00%
4
usa1$AstraCoin
MC:$3.34KHolders:1
0.00%
5
WAWAWawa Cat
MC:$3.36KHolders:1
0.22%

Sitemap