Data: Long-term holders sell 400,000 BTC, accounting for nearly 2%
According to ChainCatcher, crypto analyst Quinten stated that in the past 30 days, long-term bitcoin holders have sold approximately 400,000 BTC, accounting for nearly 2% of bitcoin's total supply. Despite facing significant selling pressure, bitcoin has remained above $100,000. He pointed out that once real market demand kicks in, bitcoin's price could see even greater upside potential.
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Deutsche Bank: After the three major central banks hiked rates simultaneously, the market may once again underestimate the terminal interest rate
Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.
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