This viewpoint is actually what we have been saying all along.

CN
Phyrex
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2 days ago

This viewpoint is actually what we have been saying all along: the current source of liquidity. The main driving force behind the recent rise in #BTC still comes from the Wall Street consensus brought about by the spot ETF. I mentioned earlier that it would be difficult for this portion of funds to spill over into the traditional cryptocurrency market, meaning into altcoins.

The purpose of these investors is very clear: they want to invest in #BTC, and at most, they might include some #ETH, or even not include it at all, because only BTC is seen as the most valuable in their eyes. Without spillover funds, who will drive up the altcoins?

Therefore, what we are waiting for is the recovery of liquidity, an increase or stimulation. The first two are unlikely in the short term; only the last one, stimulating liquidity, has a chance in Q4, which is also why I am looking forward to Q4.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

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