Breaking news has hit the market!
The Federal Reserve's $13.5 billion liquidity raid has officially ended the balance sheet reduction, and the balance sheet is turning upward! Coincidentally, ETH has completed the Fusaka upgrade, with throughput soaring to 8 times and Gas fees dropping by 40%-60%, marking a significant improvement in fundamentals.
With a liquidity turning point and a technical breakthrough hitting simultaneously, combined with traditional asset management giants opening up investment in crypto products, a trillion-dollar funding channel has opened up. BTC has already rebounded over 6% to stand at 90,000, and ETH has followed with an increase of over 8% to return to $3,000, as market sentiment shifts from panic to greed.
Funds have always pursued profit, with BTC as the leader having the highest probability of stabilizing the market, and ETH, benefiting from the upgrade, may become the leader in price increase.
