Article
HTX Research Analyst WZ: Crypto Market Pricing Is Extending Outward, with Regulation and Macro Liquidity Becoming Key Variables
BlockBeats news, September 23: During the seventh live broadcast of Huobi Expert Lecture Hall, HTX Research asset analyst WZ stated that people once habitually used Crypto to explain Crypto, but today, an increasing number of variables determining Crypto’s next market move are occurring outside Crypto. This is also the new pricing cycle Crypto is entering.
On the policy front, WZ believes that although the systematic CLARITY Act has been blocked from a Senate vote due to the need to secure bipartisan votes, issues involving Trump family interests, and the distribution of stablecoin-related interests, U.S. crypto regulation has not stalled. For example, the SEC recently issued an “innovation exemption” proposal, allowing eligible compliant institutions to tokenize specific stocks, accelerating the convergence of traditional finance and crypto.
On the macro front, WZ said that tensions in the Middle East and the risk of a blockage of the Strait of Hormuz have increased the “risk premium” on crude oil. Rising oil prices may trigger inflation expectations, which in turn affect U.S. Treasury yields and global liquidity. When energy prices remain elevated and interest rates stay high, the upside potential for risk assets such as Bitcoin may be constrained.
WZ also noted that, in this cycle, direct ETF inflows and outflows have changed the traditional capital spillover logic, making a broad-based rise in altcoins unlikely. However, under the new cycle, assets with “new narratives” and strong consensus may still experience independent upward trends.
Original link: https://m.theblockbeats.info/flash/368691