New signals in the crypto space📶! ETF funds aren't panicking, are altcoins quietly accumulating? BRN director reveals the truth
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Family! I just came across The Block's latest report, and BRN research director Timothy Misir has directly exposed the current state of the crypto market——this wave of ETF funds is not about "comprehensive risk reduction", but rather selective positioning!🎯
In simple terms: institutions haven't fled, they just changed the direction of their money bags～ Bitcoin (BTC) has indeed been a bit "lying flat" recently, but altcoins have been quietly accumulating!💰 This is not a small signal; it's concrete evidence that the market is releasing early signs of recovery!
However, don't rush in too quickly; Misir also stated some harsh truths:
• The number of active addresses has stabilized, and the transaction volume is rising, indicating that the market is slowly "recovering"
• But! We are still far from a truly healthy market; the core missing element is confidence! Right now, everyone is still observing, afraid to fully enter the market
This week is even more crucial, dubbed the "macro binary week"⚠️ All traders are waiting for the results of the FOMC meeting on Wednesday——after all, the expectations for interest rate cuts are now at their peak, and the weak ADP employment data and declining consumer confidence are adding fuel to the fire for rate cuts. But on the other hand, American households are both pessimistic and willing to borrow money (consumer credit has reached a record high), making the demand outlook a complete mess, and no one dares to gamble on the direction～
To summarize: the market isn't cooling down; it's "grinding the bottom and accumulating power". Altcoins have moved first, but BTC is still waiting for signals. The FOMC meeting on Wednesday is the biggest variable of the week! Do you think there will be an immediate rebound after the meeting, or will it continue to consolidate? Drop your thoughts in the comments～👇
