Bitcoin: Macro Shifts Poised to Fuel the Next Big Rally| Matrixport Research

The latest research from Matrixport Research shows that the BTC soar in the short term may be affected by the following factors:

• Gold, Oil, Treasury Yields, and the US Dollar are all close to breakthrough support levels, and the macroeconomy may usher in changes
• Each candidate proposing potentially unsustainable policies is recommended to pay close attention
• ETH ETF has outflows for 5 consecutive days, with outflows exceeding US$2.52 billion

While some Bitcoin traders hope that the stock-to-flow model remains valid, predicting a rapid rally for the cryptocurrency, Matrix on Target advocates for a more nuanced macro-quant approach to forecasting Bitcoin’s future. This method predicts where Bitcoin might be headed and when significant movements might occur. As the macroeconomic landscape shifts, Bitcoin traders — and the broader market — could be on the brink of entering a period of heightened volatility.

Gold, Oil, Treasury Yields, and the US Dollar are all close to breakthrough support levels, and the macroeconomy may usher in changes

Financial markets may seem calm, but we could be at a pivotal juncture as Gold, Oil, Treasury Yields, and the U.S. Dollar breakthrough critical support levels. This situation suggests that a significant macroeconomic shift might be underway, with its full impact likely to become apparent only in the coming months. Since financial markets tend to be forward-looking, these movements could be early signals of more significant trends yet to unfold.

Each candidate proposing potentially unsustainable policies is recommended to pay close attention

As financial markets anticipate the next U.S. President, with each candidate proposing potentially unsustainable policies, the risk of skyrocketing debt levels looms. These dynamics could create significant cross-currents, so staying attuned to shifts in these critical indicators is crucial.

ETH ETF has outflows for 5 consecutive days, with outflows exceeding US$2.52 billion

The U.S. 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 seen outflows every day. As of August 22, ETH ETF outflows have exceeded $2.52 billion.

When bond yields climb, and gold prices rally simultaneously, it typically indicates a unique and somewhat contradictory economic environment. Bitcoin might be the key beneficiary.

Disclaimer: The above content is for informational purposes and reference only. The content does not constitute investment advice. Digital asset transactions can be precarious and volatile. Investment decisions should be made after carefully considering individual 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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