Is the copycat season coming? A look at the 10 major catalyst events

मूल लेखक: DeFi Warhol

मूल अनुवाद: टेकफ्लो

I’ve been in the cryptocurrency space for 7 years and right now we are in one of the most bullish market environments I’ve ever seen. Here are 10 factors that could cause altcoin prबर्फ़s to surge in the coming months:

1. FTX’s $16 billion compensation

Recently, FTX is distributing a total of $16 billion, of which $12 billion is in cash. It is expected that many of those who received these funds will reinvest in the market, triggering a new round of buying.

2. Global Liquidity Index

The correlation between the cryptocurrency market and global liquidity is very clear. Whenever this index reaches the current level, the market usually ushered in a strong rebound.

3. Ethereum ETF

Although Ethereum ETFs are currently developing slowly, I firmly believe that they will catch up soon. It is just a matter of time.

4. BlackRock’s BUILD Fund

In addition to ETFs, BlackRock, the worlds largest asset management कंपनी, is very optimistic about blockchऐn technology. The BUILD fund has once again proved this, and this is just the beginning.

5. Goldman Sachs embraces tokenization

Think BlackRock is the only one taking action? Think again. Major institutions have already joined the ranks.

6. US election

Trump’s presidency is a positive for cryptocurrencies as his administration is supportive of the industry. Currently, he is slightly ahead in the race, so it will be worth keeping an eye on.

7. Rate cuts

The market currently expects that there may be three interest rate cuts this year, with the probability of a 25 basis point cut in September being as high as 90%.

8. Ordinary investors are still on the sidelines

Google searches for “cryptocurrency” and “bitcoin” remain at bear market levels. In addition, the Coinbase app ranks only 416th.

9. US Dollar Index

DXY has been falling over the past few months and is currently trading at a critical support level. If this support level is breached, it could be extremely bullish for the cryptocurrency.

10. Bearish factors are fading

The main reasons for the market sell-off, including the MtGox incident, the German sell-off of Bitcoin, jump trading, recession fears and war, seem to be gradually subsiding and these factors are weakening.

This article is sourced from the internet: Is the copycat season coming? A look at the 10 major catalyst events

Related: Insight Data Issue 07 | OKX Web3 Rootdata: Breaking through the information fog and establishing a systematic data meth

introduction In the cryptocurrency market, data has always been an important tool for people to make trading decisions. How can we clear the fog of data and discover effective data to optimize trading decisions? This is a topic that the market continues to pay attention to. This time, OKX specially planned the Insight Data column, and jointly with industry data platforms such as Rootdata, NanSen, CoinGlass, AICoin, Coingecko and 0x Scope, we started from common user needs and hoped to dig out a more systematic data methodology for market reference and learning. The following is the seventh issue, which was jointly discussed by the OKX Web3 team and the Rootdata team around topics such as Crossing the information gap and establishing a complete analysis system. I hope it will be…