Bitget Research Institute: Capital inflows are showing sustainability rather than speculation.

Ryan Lee, chief analyst at Bitget Research Institute, stated in his latest market analysis that the expansion of stablecoin supply and net inflows into ETFs are continuously attracting traditional financial capital, becoming the main driving force of the current crypto market. He pointed out that, more importantly, this round of capital inflows is sustainable rather than speculative, indicating that the market is moving towards a more mature stage of development. December will be a crucial macroeconomic window, with the end of the government shutdown and interest rate adjustments setting the tone for the market. Furthermore, in a recent Bitget livestream, several guests shared their latest market assessments. Guest "Wang Buai" stated that the US government shutdown is expected to end in the short term, which will boost market confidence and drive capital inflows. He pointed out that the macroeconomic trend of this cycle can be compared to the situation during Trump's first term; after the government shutdown ended, the US experienced quantitative easing and Fed rate cuts, significantly improving market liquidity. Given Trump's upcoming midterm elections next year, he will inevitably take measures to stimulate the US economy to consolidate his votes. Guest "Bidu" pointed out that the recent on-chain liquidity mismatch has intensified, with the utilization rate of mainstream lending pools generally approaching their limits. In the medium term, investors can moderately allocate to high-quality DeFi protocols that have been oversold. Additionally, they should focus on the short-term rebound potential of mainstream public chains such as BTC, ETH, and SOL, as well as popular themes like AI and Memecoin. Overall, the market remains in a phase of "liquidity defense + sentiment game," and a clear trend has not yet been established. The current strategic focus should be on preserving liquidity, avoiding systemic risks, and patiently waiting for trust rebuilding and confirmation of the main trend. Guest "30 Retired" believes that from a long-term perspective, the market is currently in a transition phase between bull and bear markets. In the short term, the market will still be dominated by a rebound, mainly driven by confidence in the US government's resumption of operations and the combined positive factors such as expectations of an interest rate cut cycle. He added that his preferred method for trend judgment is to observe changes in the MACD indicator to determine market direction.