BS KOL Club Token Unlock Preview |
#Issue21
BTC traded in a narrow range around $90,000 yesterday, while ETH hovered near $3,100.
Although markets widely expect the Fed to cut rates again this week—helping push U.S. equities toward record highs last Friday—the true driver for risk assets may not be the rate decision itself. Instead, the focus is on how the Fed manages its balance sheet after quietly ending quantitative tightening, and whether new liquidity will flow back into the market.
Bank of America’s global rates strategy team expects the Fed to announce this week that, starting in January, it will purchase $45 billion in Treasury bills (maturity within one year) each month as part of “reserve management operations.”
Others anticipate a slower pace. Vanguard’s fixed-income group projects the Fed will resume T-bill purchases in late Q1 or early Q2 next year at a monthly pace of $15–20 billion.
Kelly from PineBridge forecasts another 25 bps rate cut on December 10, which would bring the policy rate down to the 3.5%–3.75% range—moving closer to the roughly 3% “neutral rate.”
Meanwhile, BitMine significantly increased its ETH holdings last week, adding 138,452 ETH. The company announced today that its total crypto assets, cash, and “potential assets” have reached $13.2 billion.
Fundstrat Chairman and BitMine Chairman Tom Lee noted that ETH purchases surged 156% compared with four weeks ago, signaling strong conviction. He highlighted multiple catalysts: the Fusaka (Fulu-Osaka) upgrade activated on December 3, improving scalability and security; and the Fed’s December policy shifts, including the end of quantitative tightening and the expected rate cut.
With more than eight weeks now passed since the October 10 liquidation shock, Lee believes the crypto market is gradually returning to trading based on forward-looking fundamentals.
BS KOL Club previews this week's token unlock projects:
#MOVE #IOTA #LINEA #AGI