ChainCatcher message, crypto trader Ran Neuner posted that the current market is entirely in risk appetite mode, but most people are unaware because Bitcoin’s price has not fluctuated significantly.
Currently, silver prices have hit a record high, and it is in the breakout and acceleration phase. Silver is the beta coefficient of gold, indicating risk appetite; ETH/BTC has now broken through the 50-week moving average and continues to rise, with ETH representing risk appetite in the cryptocurrency market; the Russell 2000 index has also broken through, representing risk appetite in the stock market; additionally, the printing press has been activated, and the Federal Reserve has shifted to quantitative easing earlier than expected.
He stated that Bitcoin sellers will soon disappear, and a large-scale chase trading is about to begin.
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