Market Risk Appetite Surges Amid Silver and Cryptocurrency Trends

According to ChainCatcher, cryptocurrency trader Ran Neuner has observed that the market is currently in a risk-on mode, although many remain unaware due to the lack of significant fluctuations in Bitcoin's price. Silver prices have reached an all-time high and are in a breakout and acceleration phase. Silver, often seen as a beta coefficient of gold, indicates a risk appetite. The ETH/BTC pair has surpassed the 50-week moving average and continues to rise, representing the risk appetite in the cryptocurrency market. Additionally, the Russell 2000 Index has broken through, symbolizing risk appetite in the stock market. Furthermore, the money printing has commenced, with the Federal Reserve shifting to a quantitative easing policy sooner than expected. Neuner suggests that Bitcoin sellers will soon disappear, and a large-scale catch-up trade is imminent.