$BTC is on the way to a new high, some positive observations:
1. Corporates continue buying BTC
2. BTC spot balance on exchanges is at a record low
3. Perpetual contracts are still at negative/low funding rates
4. On the macro front: the big and beautiful bill is no longer being implemented, and interest rate cuts are just a matter of time. If cuts happen early, we can expect a gradual rise; if cuts are delayed, we can look forward to three big bullish candles.
5. The biggest risk point for dollar liquidity is to keep an eye on Musk.
6. RMB assets are continuously undervalued, looking forward to a trend increase brought by the shift of capital allocation from dollar assets to RMB assets over the past decade.
7. $ETH is starting to establish a presence on Wall Street, with a clear r/r advantage in the e/b exchange rate. As a core infrastructure for stablecoins and enterprise DeFi adoption, it has the opportunity to initiate a new round of revaluation.
Left hand BTC, right hand RMB chips
Leverage a bit of ETH
Hope to win 🙏
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