温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/zh_cn/53898.html
点击访问原文链接

Decoding BTCs unconventional surge: when interest rates rise, the dollar depreciates and the trillion-dollar deficit | Bee Network

进入原网站 导航首页
Decoding BTCs unconventional surge: when interest rates rise, the dollar depreciates and the trillion-dollar deficit | Bee Network Login 热门新闻 备忘录启动板 人工智能代理 德西 TopChainExplorer 给 Newbee 100 倍金币 蜜蜂游戏 重要网站 必备应用程序 加密货币名人 德平 新手必备 陷阱探测器 基本工具 高级网站 交流 NFT 工具 你好、, 签出 Web3 宇宙 游戏 DApp 蜂巢 成长平台 生态 搜索 英语 充值金币 登录 下载 Web3 大学 游戏 DApp 蜂巢 生态 家•分析•正文 Decoding BTCs unconventional surge: when interest rates rise, the dollar depreciates and the trillion-dollar deficit分析8个月前更新怀亚特 26,065 47

Original author: The Kobeissi Letter ( @KobeissiLetter )

Compiled by | Odaily Planet Daily ( @OdailyChina )

Translator | Ethan ( @ethanzhang_网页3 )

Editors note: This is not another bull market, but a Bitcoin crisis market that broke out amid the flood of 定义cits, the depreciation of the US dollar and the reconstruction of the financial order. When gold prices and BTC soared simultaneously, Wall Street ETF funds surged, and even conservative funds no longer hesitated, we have to admit that the market is entering an unprecedented new cycle. Why has Bitcoin become a winner in the unconventional macro context? Is this wave of rise a bubble, a hedge, or a repricing of power? Odaily Planet Daily will help you see the real direction of capital betting.

The original text is as follows
These are not “normal” times. Bitcoin has been on a crazy, straight-line rise. Interest rates are rising, the dollar has lost 11% of its value in six months, and the total 加密 market value has increased by $1 trillion in just three months.

What exactly happened? The answer is clear: Bitcoin has entered crisis mode.

Bitcoin is so strong right now that it can hit all-time highs (ATHs) multiple times a day. Since the U.S. House of Representatives passed President Trump’s Big, Beautiful Act on July 3, the price of Bitcoin has skyrocketed by $15,000. If gold doesn’t raise alarm bells, then Bitcoin’s surge should be enough to do so.

Is there a more obvious signal than this? Looking at the trend comparison between Bitcoin and the US dollar index ($DXY) since the beginning of the year, there are two obvious divergences:

April 9 (after the 90-day tariff suspension period ends)

July 1 (when the Big, Beautiful Act was passed)

Everything is self-evident.

In July, the market received data showing that the United States recorded a fiscal deficit of $316 billion in May 2025 alone. This is the third highest monthly deficit level in history. At first, the market had expectations because Musk opposed the spending bill.

However, that hope quickly faded in early July.

At the time, Bitcoins rise seemed to benefit from the markets expectations for a trade agreement. But it turns out that whether a trade agreement is announced or not, the market results are surprisingly consistent: bond yields climb, Bitcoin soars, the dollar falls, and gold rises.

This is not a “normal” market condition. We anticipated and caught this trend: We bought the pullbacks at $80,000, $90,000, and $100,000, with a target price of $115,000.

Last Friday, we raised our target further to over $120, 000 – a level that has just been hit.

This is undoubtedly a double boost (double benefit) for gold and Bitcoin.

So far this year, the SP 500 has fallen 15% in 比特币 terms. And going back to 2012, the SP 500 has plunged a staggering 99.98% in bitcoin terms. The current situation is: the value of Bitcoin has soared, and the value of the US dollar has shrunk.

Again, keep a close eye on the U.S. fiscal deficit.

More importantly, institutional funds seem to be rushing into the market to chase this round of Bitcoin market.

The asset management scale (AUM) of Bitcoin ETF IBIT has rapidly climbed to a record high of US$76 billion in less than 350 days. In comparison, it took the worlds largest gold ETF GLD more than 15 years to reach the same scale.

In our in-depth exchanges with institutional investors, we have noticed a recurring consensus: broadly speaking, institutional capital such as family offices and hedge funds can no longer ignore Bitcoin . Even conservative funds are considering allocating about 1% of their assets under management (AUM) to Bitcoin .

It should be noted that when we say Bitcoin is in crisis mode, we are not bearish on other assets. In fact, the short-term stimulus effect of more deficit spending is positive, and risk assets may continue to rise in the short term .

Of course, its long-term negative impact cannot be ignored .

Ironically, if the deficit problem were solved, all of America’s woes would be solved. It would lower interest rates, curb inflation, and boost the dollar. But Bitcoin knows that this is almost impossible to happen — just look at how its gains accelerated after the spending bill was passed.

Changes in the economic landscape are precisely where opportunities for investors lie. As the market gradually digests this ongoing deficit spending crisis, capital is undergoing a large-scale rotation, and asset prices are fluctuating violently as a result.

Finally, it’s interesting to note that leveraged short positions in Ethereum are currently at an all-time high, as reported by ZeroHedge. This mirrors what we observed prior to the market bottom in April 2025.

Is a massive crypto market short squeeze about to begin? Something may be brewing…

This article is sourced from the internet: Decoding BTCs unconventional surge: when interest rates rise, the dollar depreciates and the trillion-dollar deficit

Related: Trump calls for building a Bitcoin powerhouse, but mining companies are almost unable to hold on? Original title: A False Start on the Road to an All-American Bitcoin Original author: Joel Khalili, Wired Original translation: AididiaoJP, Foresight News Trump’s Bitcoin Mining Ambitions Trump once promised to make the United States the worlds capital of Bitcoin mining. However, the recent comprehensive tariff policy has put this ambition in a dilemma. President Donald Trump paused to enjoy the applause from the audience. At the Bitcoin 2024 cryptocurrency conference, facing the cheers of a group of enthusiastic Bitcoin believers, he outlined his plan to make the United States a Bitcoin mining superpower. “I’m going to have bitcoin mined, minted and produced in the United States,” he told the crowd. “You’re going to be very happy with me — you’re going to be very happy.” Since returning to the White…

#分析# 比特币# 加密# 定义# 以太坊# 交易所# 市场# web3© 版权声明文章版权归作者所有，未经允许请勿转载。 上一篇 本周特色互动项目库鲁测试网刷卡交易；扎马工会任务；亚拉稳定币存款 下一篇 Odaily 采访 PlayEstates：让年轻人成为全球房东，只需 $10 相关文章 River’s suspension of redemption caused a 70% drop in points, rendering the 180-day promise meaningless. 6086cf14eb90bc67ca4fc62b 17,438 Bitcoin Data Analysis: Correction or New Bear Market? 6086cf14eb90bc67ca4fc62b 15,736 1 Robinhood opened a big game late at night, kicking out the imagination of exchanges throughout the summer 6086cf14eb90bc67ca4fc62b 28,527 3 2025 Perp DEX Status: Strong Development Momentum, Transaction Volume Soaring 6086cf14eb90bc67ca4fc62b 38,380 6 The essence of strategy is arbitrage business 6086cf14eb90bc67ca4fc62b 24,311 2 BenPay DeFi Earn 新增四项资产：丰富资产增值路径，优化收益选择 6086cf14eb90bc67ca4fc62b 9,929 3 无评论 您必须登录后才能发表评论！ 立即登录 没有评论... Bee.com 全球最大的 Web3 门户网站 合作伙伴 硬币卡 Binance CoinMarketCap CoinGecko Coinlive 装甲 下载蜜蜂网络APP，开始web3之旅 白皮书 角色 常见问题 © 2021-2026.保留所有权利。. 隐私政策 | 服务条款 下载蜜蜂网络 APP 并开始 web3 之旅 全球最大的 Web3 门户网站 合作伙伴 CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 白皮书 角色 常见问题 © 2021-2026.保留所有权利。. 隐私政策 | 服务条款 搜索 搜索InSite链上社会新闻 热门推荐： 空投猎人 数据分析 加密货币名人 陷阱探测器 简体中文 English 繁體中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский 简体中文

智能索引记录