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New money inflows are essential for a sustainable rally
If you look at Bitcoin’s price historically, one of the biggest contributors to rallies is the influx of new funds, especially whenever SumCoinAge for 1W~1M period crosses a certain bar, its price bottoms out and starts to rise. While the result of Grayscale-SEC case led to a short-term spike in its price, we believe that new money needs to flow in in order to continue the upward trend. And this will require a change of monetary policy tightening and deregulation of cryptocurrencies.