Bitunix Analyst: Global Funds Await New Policy Signal, Dollar and Energy Still Dominating Market Pace

BlockBeats News, June 29th. This week, the global market officially entered a period of major events, including the U.S. non-farm payroll report, the ECB Sintra Forum, and a joint appearance by the heads of the four major central banks of the U.S., U.K., Eurozone, and Canada. Together, they will determine the market's repricing of global liquidity for the second half of the year. Of particular interest will be Federal Reserve Chair Powell's first public statement on policy views on the international stage. With several Fed officials continuing to signal a hawkish stance, the market has almost locked in the possibility of "maintaining high interest rates for longer or even raising them again."

On the other hand, the situation in the Middle East remains a key variable affecting risk sentiment. While the U.S. and Iran continue to push for a ceasefire and Strait of Hormuz negotiations, Iran has stated that it will fully control the Hormuz Strait in the next 30 days. Shipping companies have also warned that mine clearance could take several months, indicating significant uncertainty in the global energy supply chain. Meanwhile, Saudi Arabia is about to announce the official selling price of crude oil for August, which will also serve as a key indicator for market sentiment on energy demand and global economic conditions.

There have been deeper changes on the funding front. Large sovereign wealth funds continue to increase their allocation to tangible assets such as energy and infrastructure, reflecting a growing global emphasis on supply chain security and asset resilience.

For the crypto market, what really needs to be observed is not a single economic data point, but whether there will be a new direction in the U.S. dollar, rate expectations, and global liquidity. If Powell continues his hawkish stance this week, the non-farm data remains resilient, and the U.S. dollar continues to strengthen, risk assets may still face short-term pressure from fund reallocation. Conversely, if policy signals begin to move towards a more balanced position, market risk sentiment may improve further. Against the backdrop of the global repricing of capital costs, the crypto market will remain highly sensitive to macro policies and the trend of the U.S. dollar in the short term.