When will the reversal happen? A review of the 10 major catalyst events that altcoins are about to face
Bearish factors are fading.Author: DeFi Warhol
Compiled by: Deep Tide TechFlow
I have been working in the cryptocurrency field for 7 years, and we are currently in one of the most optimistic market environments I have ever seen. Here are 10 factors that could lead to a surge in altcoin prices in the coming months:
1. FTX $16 Billion Compensation
Recently, FTX has been distributing a total of $16 billion in funds, of which $12 billion is in cash. It is expected that many recipients of these funds will reinvest in the market, triggering a new wave of buying.
2. Global Liquidity Index
The correlation between the cryptocurrency market and global liquidity is very evident. Whenever this index reaches the current level, the market usually experiences a strong rebound.
3. Ethereum ETF
Although the development of Ethereum ETFs is currently slow, I firmly believe they will catch up soon. It's just a matter of time.
4. BlackRock's BUILD Fund
In addition to ETFs, BlackRock, the world's largest asset management company, holds a very optimistic view of blockchain technology. The BUILD fund proves this once again; it's just the beginning.
5. Goldman Sachs Embraces Tokenization
Did you think only BlackRock was taking action? Think again. Major institutions have joined this movement.
6. U.S. Elections
Trump's presidency has been a positive factor for cryptocurrency, as his administration supports the industry. Currently, he is slightly leading in the campaign, so it's worth paying attention to.
7. Interest Rate Cuts
The market currently expects three interest rate cuts this year, with a 90% probability of a 25 basis point cut in September.
8. Retail Investors Are Still Watching
Google search volumes for "cryptocurrency" and "Bitcoin" remain at bear market levels. Additionally, the Coinbase app ranks only 416th.
9. Dollar Index
The DXY has been declining steadily over the past few months and is currently at a key support level. If this support level is broken, it could have a significant positive impact on cryptocurrencies.
10. Bearish Factors Are Fading
The main reasons for market sell-offs, including the MtGox incident, Germany selling Bitcoin, Jump Trading, recession fears, and wars, seem to be gradually subsiding, and these factors are weakening.
