Good morning, brothers. Recently, the market has been very volatile,
up and down, what exactly has happened?
Last night, the Federal Reserve cut interest rates by 25 basis points,
Powell stated that there will be no interest rate hikes in the future, only questions about whether to cut rates,
a wave of good news saw BTC break $94000, but it quickly came down.
In our analysis over the past few days, we said that to stabilize at $94000,
BTC can break $100000 in a short time.
Some investors, who do not believe in the market prospects,
took advantage of the good news to dump their holdings, resulting in a drop to $91000.
The market is confusing; it’s best to decrypt from on-chain data.
(1) Stablecoins continue to flow out of exchanges,
indicating that most players are lacking confidence and have nearly lost all.
(2) BTC continues to flow out of exchanges,
with significant outflows from Binance, reflecting that whales continue to accumulate,
these players are not looking at a 1-2 year layout but rather a multi-year similar to gold's doubling market.
So just as we mentioned in our previous analysis,
the current period is a turnover phase, with traditional players' BTC moving into the hands of institutions and capital,
this process is filled with growing pains and requires some time.
But from the on-chain data, it may only last 1-2 months.
After that, combined with some policy benefits and the Federal Reserve's interest rate cuts,
2026 will bring another wave of unexpected market movements.
For those wanting to keep up with the chat room speed
