Metrics Ventures Market Watch: Benign consolidation is coming as expected

Metrics Ventures, a secondary fund in the mật mã market, has published a review of its March market observations:

1/ This months market conditions have led many peers to call for the end of the bull market, but we firmly believe that the volatility of Bitcoin here just confirms the previous view that this round of market conditions has only reached the halfway point. This is mainly based on the trend fitting relationship between Bitcoin and US dollar risk assets, the reasons for the adjustment of the US dollar system at this moment, the re-strengthening of long-term logic, and the re-confirmation of the moderate macro-regulatory environment.

2/ The weakening of a large number of altcoins represented by Ethereum is the main pessimistic support for the market at present. As always, we adhere to the view of decoupling Bitcoin and other crypto assets since April last year. The real macro-supported liquidity bull market has not yet arrived. At the same time, we should also pay attention to the huge uncertainty in the next round of capital flow path.

3/ Looking ahead, we believe that the high turnover range formed here has been broken, confirming that the market has entered a period of re-consolidation and accumulation of momentum, but looking back at the historical trends of core US dollar assets such as AAPL, we believe that the real key support for Bitcoin is around 75,000, and there is no need to worry before that.

Inventory and comments on the overall market situation and market trends:

One of our core focus indicators for Bitcoins current trend is Bitcoins positioning as a risky asset in the US dollar system. The effectiveness of this observation is due to the fact that the switching of core assets in the US dollar system has always been gradual and driven by macro, regulatory, fundamental and other factors. Specifically, the following trend indicators we have observed are still strong:

① Bitcoin still has a clear advantage in Sharpe ratio compared to the Nasdaq and other Seven Sisters assets, and Bitcoins resilience has once again been verified in a series of factors such as tariffs;

② The loosening of chips on the chain is not serious, especially in the release of negative news, it shows a stronger signal of acceptance rather than a signal of collapse, and the supply has not increased out of control;

③ From a regulatory perspective, we believe that the recent series of regulatory actions are significant long-term positive cornerstones. The market’s lack of understanding of the U.S. political and economic system is the main source of irrational fluctuations and will not change the long-term positive trend.

Combined with Bessent’s recent indication of the pace of risk release for the entire US dollar, we firmly believe that the mid-term adjustment cycle starting in February is an excellent opportunity to build positions in the next 15 months.

Finally, in our opinion, the industrys liquidation has finally entered a rapid period. If the liquidation period can resonate with emotions at a fast and strong amplitude, it may just catch up with the next macro liquidity bull market. However, we still need to remind you that the capital flow path of the next bull market may be completely different from that of 21 years. Therefore, the existing so-called crypto assets need to be extremely cautious from a long-term holding perspective.

Figure: The strength and weakness relationship between BTC and Nasdaq in the past three years

về chúng tôi

Metrics Ventures là quỹ thanh khoản thị trường thứ cấp tài sản tiền điện tử dựa trên dữ liệu và nghiên cứu do một nhóm chuyên gia tiền điện tử giàu kinh nghiệm lãnh đạo. Nhóm này có chuyên môn về ươm tạo thị trường sơ cấp và giao dịch thị trường thứ cấp, đồng thời đóng vai trò tích cực trong phát triển ngành thông qua phân tích dữ liệu chuyên sâu trên chuỗi/ngoài chuỗi. MVC hợp tác với những người có ảnh hưởng cấp cao trong cộng đồng tiền điện tử để cung cấp hỗ trợ trao quyền lâu dài cho các dự án, chẳng hạn như nguồn lực truyền thông và KOL, nguồn lực hợp tác sinh thái, chiến lược dự án, khả năng tư vấn mô hình kinh tế, v.v.

Mọi người đều được chào đón tham gia DM để chia sẻ và thảo luận những hiểu biết và ý tưởng về thị trường và đầu tư tài sản tiền điện tử.

Chúng tôi đang tuyển dụng. Nếu bạn giỏi đầu tư tài sản tiền điện tử, vui lòng liên hệ với chúng tôi theo địa chỉ: ops@metrics.ventures.

Nội dung nghiên cứu của chúng tôi sẽ được công bố đồng thời trên Twitter và Notion, chào mừng bạn theo dõi:

Twitter: https://twitter.com/MetricsVentures

Notion: https://www.notion.so/metricsventures/Metrics-Ventures- 475803 b 4407946 b 1 ae 6 e 0 eeaa 8708 fa 2 ?pvs=4

This article is sourced from the internet: Metrics Ventures Chợ Watch: Benign consolidation is coming as expected

Related: MVC Market Insights | Overview of recent Trump administration appointments and legislative progress

introduction Bitcoin has fallen recently, but its status as a core asset of the US dollar has not been affected . With the trend of regulatory relaxation, US dollar assets are expected to maintain a volatile upward trend. With the implementation of the Trump administrations crypto-friendly policies, the US crypto industry has ushered in unprecedented opportunities. Core institutions such as the Treasury Department, SEC, and CFTC are led by officials who support cryptocurrencies. The White House has established a digital asset working group , and Congress has established a crypto asset committee to promote the legalization and institutionalization of the industry. This policy orientation has boosted market confidence and accelerated the entry of mainstream financial institutions. At the legislative level , the advancement of the FIT21 bill, the establishment of…