The driving force of this bull run Macroeconomic environment: The Federal Reserve has started to cut interest rates (liquidity release), which is beneficial for risk assets. Institutional funds: Bitcoin spot ETF has been approved in the US, with continuous inflows; ETH spot ETF is also gradually being implemented. Rotation pattern: BTC rises first → ETH takes over → then altcoins.
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#2025Gate年度账单 #ETH走势分析 #成长值抽奖赢金条和精美周边 This round of Bitcoin bull run cycle
The driving force of this bull run
Macroeconomic environment: The Federal Reserve has started to cut interest rates (liquidity release), which is beneficial for risk assets.
Institutional funds: Bitcoin spot ETF has been approved in the US, with continuous inflows; ETH spot ETF is also gradually being implemented.
Rotation pattern: BTC rises first → ETH takes over → then altcoins.