New signals in the crypto space📶! ETF funds are not in a hurry to escape, are altcoins quietly attracting capital? The head of BRN reveals the truth
Family! I just came across The Block's latest report, where BRN research director Timothy Misir directly pointed out the current state of the crypto market—this wave of ETF capital flow is not about "comprehensive risk removal", but selective allocation! 🎯
In simple terms: institutions have not fled; they have just changed the direction of their wallets~ Bitcoin (BTC) has indeed been a bit "lying flat" recently, but altcoins have already started quietly attracting capital! 💰 This is not a small signal; it is solid evidence that the market is releasing early signs of recovery!
However, don’t rush too much; Misir also shared some hard truths:
• The number of active addresses has stabilized, and the transaction volume is increasing, indicating that the market is slowly "recovering"
• But! We are still far from a truly healthy market; the core issue is a lack of confidence! Everyone is still observing and hesitant to fully enter the market.
This week is even more critical, referred to as the "macro binary week"⚠️ All traders are waiting for Wednesday's FOMC meeting results—after all, rate cut expectations are now at their peak, and weak ADP employment data and declining consumer confidence are adding fuel to the fire for rate cuts. However, on the other hand, American households are both pessimistic and willing to borrow money (consumer credit has reached a new high), and the demand outlook is a total mess, leaving no one daring to bet on a clear direction~
To summarize: the market is not cooling down; it is "bottoming out and gathering strength". Altcoins are moving first, but BTC is still waiting for signals. Wednesday's FOMC is the biggest variable this week! Do you think there will be a direct rebound after the meeting, or will it continue to consolidate? Drop your thoughts in the comments below~👇
