TechFlow News — Matrixport has released a new report stating that if the Federal Reserve is forced to hike rates, the bull market could quickly reverse. However, at least one more inflation report (in a month’s time) will be needed before such a scenario unfolds. Macro risks are expected to persist for a while but are likely temporary. The Fed's "on hold" stance may last longer than the market currently anticipates. Despite macro risks, it may still be too early to turn bearish now.
Macro factors such as rising gold prices could also support higher Bitcoin prices, given Bitcoin's status as "digital gold."
The report also notes that with spot Bitcoin ETFs potentially being approved on the Hong Kong Stock Exchange, billions of dollars in capital could flow in. Mainland investors using the Southbound Trading Link could generate up to RMB 500 billion in annual trading volume. Based on (potential) available capacity, this could translate into HKD 200 billion (approximately USD 25 billion) in available capacity for Hong Kong Bitcoin ETFs—surpassing the inflows seen by U.S. spot Bitcoin ETFs (USD 12 billion)—and could become a key driver for upward Bitcoin price momentum.
