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Chinese crypto whale Garrett Jin stated in his weekly market signal strategy report that no single event would be sufficient to trigger a lasting market breakdown.
According to Jin, a true turning point requires the simultaneous influence of at least two factors: credit markets, Fed policies, and geopolitical developments.
Garrett Jin noted that uncertainty persists around the Strait of Hormuz, particularly following increased tensions between the US and Iran. He stated that tensions in the region have not eased after US attacks on Iranian targets, and pointed out that despite US Secretary of State Marco Rubio’s announcement of “good news,” the White House has rejected the draft peace agreement offered by Iran.
On the macroeconomic front, Jin noted that US long-term bond yields continue to put pressure, with 10-year bond yields remaining in the 5.07%-5.18% range, their highest levels in 19 years. He also added that although the S&amp;P 500 index briefly reached a new high, this rise was not sustainable, and the index quickly retreated.
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Garrett Jin stated that there is no clear turning point in the current market direction, adding, “It seems difficult for a single catalyst to break the market. For a real turning point, at least two of the following factors would need to converge simultaneously: credit, the Fed, and geopolitical factors.”
On the other hand, Jin stated that global competition in the field of artificial intelligence is growing rapidly and capital expenditures are shifting from the US to Asia. He mentioned that ByteDance plans to increase its capital expenditures to $70 billion this year, and that Tencent and Alibaba are similarly increasing their investments.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/chinese-crypto-whale-explains-what-s-needed-for-a-major-rally-in-bitcoin-and-altcoins/" rel="noopener noreferrer nofollow">Chinese Crypto Whale Explains What’s Needed for a Major Rally in Bitcoin and Altcoins</a>

Chinese Crypto Whale Explains What’s Needed for a Major Rally in Bitcoin and Altcoins

Bitcoin Sistemi EN

Other articles published on May 28, 2026

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