[Block Rhythm] At the beginning of December, there was a quite interesting phenomenon - the digital asset ETP finally reversed the downturn.
It should be noted that there was bleeding for four consecutive weeks before, with funds flowing out rapidly. As a result, last week saw a direct reversal, with a net inflow of 1.07 billion USD. This turning point was mainly due to a hint dropped by the Federal Reserve's John Williams, and the market immediately sensed the scent of interest rate cuts.
The situation in the US is the most intense. Although trading has cooled down due to the Thanksgiving holiday, nearly 1 billion in funds are still pouring in.
Specifically for the currencies: Bitcoin absorbed 464 million, Ethereum secured 309 million, and XRP was even more aggressive—directly setting a historical record with 289 million in a single week. Judging by this momentum, the expectation of interest rate cuts is indeed a strong stimulus.
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1.07 billion USD flows back! Interest rate cut expectations lead to a weekly reversal of cryptocurrency ETP.
[Block Rhythm] At the beginning of December, there was a quite interesting phenomenon - the digital asset ETP finally reversed the downturn.
It should be noted that there was bleeding for four consecutive weeks before, with funds flowing out rapidly. As a result, last week saw a direct reversal, with a net inflow of 1.07 billion USD. This turning point was mainly due to a hint dropped by the Federal Reserve's John Williams, and the market immediately sensed the scent of interest rate cuts.
The situation in the US is the most intense. Although trading has cooled down due to the Thanksgiving holiday, nearly 1 billion in funds are still pouring in.
Specifically for the currencies: Bitcoin absorbed 464 million, Ethereum secured 309 million, and XRP was even more aggressive—directly setting a historical record with 289 million in a single week. Judging by this momentum, the expectation of interest rate cuts is indeed a strong stimulus.