On June 20, the central banks of Switzerland, Sweden, and Norway suddenly cut interest rates by 25 basis points within 24 hours, signaling a return to a global easing cycle. Although most economists previously expected these central banks to remain unchanged, facing slowing inflation and currency appreciation pressure, the three countries chose to stimulate the economy early, causing market turbulence.Despite the Bank of England and the US Federal Reserve maintaining unchanged interest rates, the British pound weakened, US bond yields declined, and crypto market funds began to flow back, with BTC continuing to hover around 105K. The market is waiting to see if the expiration of the US tariff suspension in early July will become a new variable.
Bitunix analyst suggests: This "small-scale easing wave" may be a harbinger of a global monetary policy shift in the second half of the year, especially under the background of slowing inflation, which is expected to support the performance of risk assets. Pay attention to the effectiveness of BTC's support at $103,300-$102,700; if it holds steady, it may trigger a rebound wave. Additionally, attention should be paid to the US trade policy direction on July 9, as the reimposition of punitive tariffs could become a new source of market pressure.
