Matrixport Investment Research: Macroeconomic changes are expected to boost the next round of BTC gains

The latest research from Matrixport Research Institute shows that the following data/events may affect the BTC prEs trend:

• Gold, oil, treasury bonds and the US dollar are all close to breaking through support levels, and the macro economy may usher in changes

• The sustainability of some of the policy proposals of the US presidential candidates is questionable, so we recommend paying close attention

• ETH ETF has experienced capital outflow for 5 consecutive days, with capital outflow exceeding US$2.52 billion

Some BTC traders hope that the stock-to-flow ratio model that predicts a sharp rebound in crypto assets is still valid. Matrix on Target prefers to use more sophisticated macro-quantitative forecasting tools to predict the future direction of BTC and the time of major fluctuations. As the macro economy changes, BTC traders (and the entire market) may usher in a period of high volatility.

Gold, oil, treasury bonds and the US dollar are all close to breaking through support levels, and the macro economy may usher in changes

Financial markets may seem calm, but a major turning point may be on the horizon as gold, oil, Treasury bonds and the dollar are all close to breaking support levels. This situation indicates that major macroeconomic changes are coming, but their impact will take many months to fully manifest. Due to the future-oriented nature of financial markets, these changes may also bring more significant trend changes.

The sustainability of some of the policy proposals of the US presidential candidates is questionable, so we recommend paying close attention

The sustainability of some of the policy proposals of the US presidential candidates is in doubt, and while the financial market is predicting the winner, it is also worried about the risk of a rapid increase in debt levels. These factors will affect each other and shape future trends, so it is necessary to pay close attention to changes in relevant indicators.

ETH ETF has experienced capital outflow for 5 consecutive days, with capital outflow exceeding US$2.52 billion

The US ETH ETF has seen outflows for five consecutive days, the longest period of consecutive outflows since its launch on July 23. Data from Farside Investors shows that except for the Grayscale fund reporting no net outflows on the 12th of this month, ETHE has outflows every day. As of August 22, ETH ETF outflows have exceeded US$2.52 billion.

When bond yields climb and gold prices rebound at the same time, it usually means the economy is in a unique and somewhat contradictory environment, and Bitcoin is likely to be a major beneficiary.

Some of the above views come from Matrix on Target. Contact us to obtain the full report of Matrix on Target.

Disclaimer: The market is risky and investment should be cautious. This article does not constitute investment advice. Digital asset trading can be extremely risky and unstable. Investment decisions should be made after carefully considering personal circumstances and consulting financial professionals. Matrixport is not responsible for any investment decisions based on the information provided in this content.

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