CEX Institutional Research Director: The market outlook will be clearer in September.

[CEX Institutional Research Head: The Market Outlook Will Be Clearer in September] CEX Institutional Research Head David Duong tweeted that the Jackson Hole meeting and Producer Price Index (PPI) data are merely excuses for market participants to lower risks ahead of the U.S. Treasury's large-scale general account (TGA) fund recovery (about $400 billion) in the coming weeks. This also explains why Bitcoin has lost its pump alongside many stocks. However, we believe that the outlook for September looks much clearer.

BTC-1.72%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)