Powell remains “silent” as expected! Market speculation intensifies, institutional movements hide signals
Powell's latest speech, which has garnered global market attention, has concluded, and the core points are interpreted in sync with market dynamics as follows:
1. Powell strictly adheres to the silent period, without mentioning monetary policy
The speech opens by clearly avoiding the topics of monetary policy direction and economic outlook, which are of the most concern to the market—due to the upcoming Federal Reserve policy meeting next week, it is currently in the official silent period, in line with market expectations.
2. Institutions continue to enter the market, USDC issued 850 million yesterday
Positive signals have emerged in the market liquidity, with 850 million USDC stablecoins issued yesterday, confirming that institutional funds are still actively investing in the cryptocurrency field.
3. The impact of the yen's interest rate hike is quickly digested, BTC main players have accumulated over 1 billion long positions
As analyzed yesterday, the short-term volatility caused by the yen's interest rate hike was completely digested by the market in just one day. Currently, the main funds in BTC are clearly active, having established over 1 billion in long positions, demonstrating confidence in the subsequent trends.
Overall, the current market is in a phase of intense competition between panic selling pressure and bottom-fishing funds, with fluctuations being the main theme. As market liquidity gradually returns, the current fluctuation pattern is expected to be broken, and subsequent trends deserve close attention.
