Bitcoin Pin $88,000! CoinShares: The BTC Reserve Company’s speculative bubble has burst, can the Fed’s interest rate cut next week save it?

👤 transfer-top@Queen 📅 2026-04-03 11:23:03

Although the probability of the Federal Reserve cutting interest rates next week remains high, Bitcoin still touched $88,000 earlier, and the recent mNAV of the cryptocurrency treasury company DAT also fell from a high to 1x.
(Preliminary summary: The core PCE of the United States in September was lower than expected and "inflation is under control"! Bitcoin rebounded to exceed US$91,000, and Ethereum stood at $3100)
(Background supplement: Is the December interest rate cut confirmed? The Fed's mouthpiece: the inflation data has risen moderately)

Contents of this article

At 11 o'clock yesterday (5th) night, the United States announced that this year's 9 Monthly personal consumption expenditures (PCE) data: The core PCE price index recorded an annual growth rate of 2.8%, lower than the 2.9% expected by economists, and slightly lower than the previous value in August; the monthly growth rate was in line with expectations of 0.2%.

The index is one of the inflation indicators that the Federal Reserve (Fed) pays attention to. Last night’s data maintained the market’s bets that the Fed will start cutting interest rates next week and even cut them multiple times next year. CME Group's FedWatch tool shows expectations that the Fed will cut interest rates by another 25 basis points at next week's FOMC meeting remain at nearly 90%.

U.S. stocks rose but Bitcoin fell below $90,000

After the news was announced, the four major U.S. stock indexes rose. At the close, the Dow Jones rose 104 points (+0.22%), the S&P 500 rose 0.31%, the Nasdaq rose 0.19%, the fee half strengthened 1.09%, and TSMC ADR also rose 0.61%.

However, although Bitcoin once broke through US$91,000, it quickly turned around and plunged down to US$88,000. At the time of writing, BTC is currently trading at US$89,306, down 3.51% in the past 24 hours. Is the current market a healthy correction, or is it about to start the next wave of decline? There are mixed opinions in the community.

Bitcoin Pin $88,000! CoinShares: BTC The speculative bubble of reserve companies has burst. Can the Fed cut interest rates next week to save it? </p><h3>CoinShares: The speculative bubble of Bitcoin concept stocks has officially burst</h3><p>Just earlier this week, the latest analysis by James Butterfill, director of research at CoinShares, also pointed out: The speculative bubble of Bitcoin concept stocks has officially burst. The stock price valuation of these companies has dropped from 3 to 10 times the net asset value (mNAV) in the summer to only 1 currently. times, some are even traded at a discount. </p><p>Six months ago, investors were willing to pay a premium much higher than the book value of their currency holdings in order to bet on the rise of Bitcoin. Now that the market has been repriced, the structural problem of lack of stable cash flow and reliance on issuing new shares to buy currency has fully emerged. </p><h3>Rebuilding confidence depends on interest rate cuts and transformation</h3><p>As for the next strategy, Butterfill proposed two possibilities: price failure triggers selling, or companies choose to hold positions (HODL) and wait for a rebound. He personally leans toward the latter, and cautioned that a possible rate cut in December would provide support for Bitcoin. Butterfill said:</p><blockquote><p>This trading model that once regarded token vaults as a growth engine has experienced a violent correction. Only companies with stable cash flow have the opportunity to regain valuation premiums. </p></blockquote>

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transfer-top@Queen

transfer-top@Queen

Editor de blockchain e criptoativos, com foco emmercadoAnálise e insights de conteúdo de domínio

Comentário (10)

그레타 73dias atrás
비용 절감이 대규모 적용을 촉진할 수 있다는 점은 동의합니다.
하퍼 73dias atrás
거버넌스 토큰은 결국 금권정치로 이어지는 경우가 많습니다.
파라 74dias atrás
동의합니다. 미래는 유망합니다.
클라라 74dias atrás
앞으로 더 많은 생태건축 콘텐츠가 기대됩니다.
제니아 74dias atrás
단기적인 서사보다 장기적인 구축이 더 중요하다는 점에 동의합니다.
리암 74dias atrás
즉, 기술과 응용 프로그램의 구현이 핵심입니다.
그레타 77dias atrás
"가치의 인터넷"이라는 비전은 현재 감당할 수 없습니다.
브리짓 86dias atrás
당신 말이 맞습니다. 사용자 경험이 최종 채택을 결정합니다.
벽옥 98dias atrás
메타버스는 블록체인 위에 구축되어야 합니까?
팍스 102dias atrás
동의합니다. 블록체인은 신뢰 시스템을 재구성하고 있습니다.

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