The Federal Reserve is expected to stop raising interest rates, but related economic data still supports rate hikes. Is this a conflict between the left and right brain of the Fed???
The Federal Reserve is expected to keep rates unchanged this week, but the persistently rising inflation and robust economic data still support further rate hikes.
The decision on whether the Federal Reserve raises rates is a major global economic issue that requires multiple parties to negotiate, considering various stakeholder interests. Neither side can dominate the direction of this matter.
It is worth noting that recently large holders continue to build long positions around the $BTC price of 80,000.
For example:
Relevant mining companies have completed the third batch of Bitcoin mining machine purchases, with a transaction price of over 247 million shares of Class A common stock. The current computing power is about 13.85 EH/s, expected to mine about 195 Bitcoins per month. The company also stated: if AI revenue continues to exceed BTC mining revenue, some mining machines will be converted to AI to hedge risks and avoid losses.
I understand the reasons for this phenomenon mainly as follows:
1. The U.S. midterm elections, a high probability of a pause in rate hikes!!! Meanwhile, BTC and $ETH will see a rebound!!!
2. Purchasing mining machines at this time is a bottom-fishing behavior, which can ensure basic income and provide sufficient cash flow. Even if BTC continues to be under pressure, mining machines can be converted to AI to seamlessly connect with AI and avoid losses!!!
It's equivalent to making a hedge plus insurance!!!
#BTC现货ETF资金反复，市场买盘能否企稳？
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