Stop fixating on the old rule of 'when Bitcoin peaks in the month after the halving'! The current market is dominated by institutions, and the real key is the inflow of ETF funds, changes in institutional holdings, and the actual shift in the Federal Reserve's monetary policy.
Since 2020, the correlation between Bitcoin and U.S. stocks has strengthened unprecedentedly, especially in relation to the Russell 2000 index (.RUT.US).
History shows:
The Russell 2000 has reached new highs (especially after the appearance of a double-top pattern), often signaling that Bitcoin is about to follow and break through new highs.
Recently, the Russell 2000 has formed a double top again and has strengthened significantly after the Federal Reserve cut rates by 25 basis points in September.
As a small and medium-sized enterprise index, it is extremely sensitive to interest rate changes; this wave of increase reflects a recovery in market risk appetite—which is a strong positive for high-risk assets like Bitcoin. 💪💪
Currently, the Russell 2000 has touched new highs multiple times (around the 2500-2600 range), while Bitcoin is still some distance from its peak in October.
If the historical correlation continues, this may be a signal of Bitcoin's accumulation.
In summary, the confirmation of the Russell 2000's double top + the continued rate cut environment means that Bitcoin's upward momentum is accumulating, and the next wave of new highs may not be far away! 🔥
The activity of other cryptocurrencies will also gradually rise, and emerging projects like Cute PU PP IES🐕 are starting to gain attention—who will become the next dark horse amidst this wave of institutional interest?