Analyst: With the Fed expected to cut rates twice more this year, there are likely two more upward opportunities in the current bull market
According to a report by Jinse Finance, CryptoQuant analyst Axel Adler Jr has analyzed that the main issue in the later stages of a bull market is the decline in investors' risk appetite. Data shows that this indicator surpassed 1.9 in both March and December 2024, but is now forming lower peaks, with holders actively selling and putting pressure on the market. Although investors are still taking profits, the marginal premium of the cost basis from each new price increase is shrinking. The analyst notes that, considering the Federal Reserve is expected to cut rates twice this year, there will likely be two more price surges in this cycle, after which selling pressure will outweigh demand and the market will enter a correction phase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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