Matrixport Research: Macroeconomic Changes Expected to Boost the Next BTC Rally
When bond yields rise and gold prices rebound simultaneously, BTC is likely to be the main beneficiary.Matrixport Research Institute's latest study indicates that the following data/events may impact BTC price trends:
Gold, oil, government bonds, and the US dollar are nearing key support levels, suggesting potential macroeconomic shifts
The sustainability of certain policy proposals from US presidential candidates is in question, warranting close attention
ETH ETFs have seen five consecutive days of outflows, totaling over $2.52 billion
Some BTC traders hope to predict an imminent sharp rebound in crypto assets using the inventory flow ratio model, which remains effective. Matrix on Target prefers to use more refined macro-quantitative forecasting tools to predict BTC's future direction and the timing of significant volatility. As macroeconomic conditions change, BTC traders (and the entire market) may face a period of heightened volatility.
Gold, oil, government bonds, and the US dollar are nearing key support levels, suggesting potential macroeconomic shifts
The financial markets may seem calm, but with gold, oil, government bonds, and the US dollar approaching key support levels, a significant turning point may be imminent. This situation indicates that the macroeconomy is likely to undergo substantial changes, though the full impact may take several months to materialize. Given the forward-looking nature of financial markets, these changes could also lead to more significant trend shifts.
The sustainability of certain policy proposals from US presidential candidates is in question, warranting close attention
The sustainability of certain policy proposals from US presidential candidates is in question, as financial markets are not only predicting the winner but also worrying about the rapidly rising debt levels. These interrelated factors will shape future trends, making it essential to closely monitor changes in relevant indicators.
ETH ETFs have seen five consecutive days of outflows, totaling over $2.52 billion
US ETH ETFs have experienced five consecutive days of outflows, marking the longest streak since their launch on July 23. Data from Farside Investors shows that, except for a report from Grayscale on the 12th of this month indicating no net outflows, ETHE has seen outflows every day. As of August 22, ETH ETF outflows have exceeded $2.52 billion.
When bond yields rise and gold prices rebound simultaneously, it typically indicates that the economy is in a unique and somewhat contradictory environment, and Bitcoin is likely to be a major beneficiary.
Some of the above views are sourced from Matrix on Target. Contact us for the complete report from Matrix on Target.
Disclaimer: The market carries risks, and investment should be approached with caution. This article does not constitute investment advice. Trading in digital assets may involve significant risks and volatility. Investment decisions should be made after careful consideration of personal circumstances and consultation with financial professionals. Matrixport is not responsible for any investment decisions made based on the information provided herein.
