TechFlow news, on November 13, Ryan Lee, Chief Analyst at the Bitget Research Institute, stated in his latest market commentary that stablecoin supply expansion and ETF net inflows are continuously attracting traditional financial capital into the crypto market, becoming the primary driving force of the current market. He emphasized that more importantly, this round of capital inflow is showing sustainability rather than speculation, indicating the market is moving toward a more mature development phase. December will be a critical macro window, with the end of the government shutdown and interest rate adjustment policies setting the tone for the market.
Additionally, during a recent livestream hosted by Bitget, multiple guests shared their latest market insights. Guest "Wang Buaiai" stated that the U.S. government shutdown is expected to end in the short term, which will boost market confidence and drive capital repatriation. He noted that the current macro trend can be compared to Trump's first term: after the shutdown ended, the U.S. experienced quantitative easing and Federal Reserve rate cuts, significantly enhancing market liquidity. Given that midterm elections are approaching next year, Trump will inevitably take measures to stimulate the U.S. economy to consolidate voter support.
Guest "Bidu" pointed out that recent on-chain liquidity mismatches have intensified, with utilization rates of major lending pools generally nearing their limits. In the medium term, investors may moderately position in high-quality DeFi protocols that have been unfairly sold off. Additionally, attention could be paid to short-term rebound potential in major public chains such as BTC, ETH, and SOL, as well as popular themes like AI and Memecoins. Overall, the market remains in a "liquidity defense + sentiment博弈" phase, with no clear directional trend established yet. Current strategy should focus on preserving liquidity, avoiding systemic risks, and patiently waiting for trust reconstruction and confirmation of a dominant trend.
Guest "30yi Tuixiu" believes that from a macro cycle perspective, the current market is in a bull-bear transition phase. In the short term, the market continues to exhibit a rebound pattern, primarily driven by renewed confidence following the resumption of U.S. government operations and expectations of a rate cut cycle. He added that his commonly used method for trend assessment involves observing changes in the MACD indicator to determine market direction.
