The market has finally warmed up! Last night's trend was too fierce, with Bitcoin surging back to 92,000 in one night, and Ethereum firmly standing back at the 3,000 mark. This wave of increase is definitely not just a simple recovery from overselling; behind it lie several substantial signals that we need to clarify the core logic.
The number one contributor to this rebound is undoubtedly the once most "conservative" giant in the crypto field - Vanguard, the world's second-largest asset management company. Recently, it suddenly announced that it would open trading channels for BlackRock's Bitcoin spot ETF to its 8 million clients.
How significant is this? It's equivalent to crypto assets receiving a "pass" from the traditional financial conservatives. The prejudice barrier that previously stood between the two has been smashed open. Even Bank of America has now loosened its stance, suggesting that clients can allocate 1%-4% of their positions to digital assets.
On the other hand, the market's expectation for the Federal Reserve's "easing" has reached its peak. Almost everyone now believes that a rate cut in December is a sure thing; more importantly, the news of the Federal Reserve ending quantitative tightening has officially landed.
Although the actual effect of this easing may not manifest until early next year, the capital market has always been about "expectations leading the way"; this expectation itself is the strongest catalyst for the increase. Remember the last time the Federal Reserve paused its tightening cycle? The market surged directly by 17% within three weeks; history's shadow is worth pondering.
My judgment is clear: don’t treat this rebound as an ordinary market correction; it is more like a preheating signal for a new round of institutional capital entering the market in large volumes.
How should retail investors operate?
Don't chase after highs when the price goes up, and don't hesitate to miss critical windows; grasping the rhythm is key.
Position management always comes first: if you were previously stuck, you can finally take a breath, but don’t think about going all in immediately; risk should always come first.
Stay alert: there is a potential risk point ahead - the Bank of Japan may suddenly raise interest rates in December. This operation is likely to bring a temporary impact to the market; if a correction occurs as a result, it will instead leave a second opportunity for those who haven’t boarded yet. #加密市场回调 #加密市场观察 $BTC
