Odaily星球日报讯 现货黄金突破 2480 美元/盎司，创历史新高，日内涨 0.46%。（金十）

现货黄金突破2480美元/盎司，创历史新高

Odaily Odaily News: Spot gold broke through $2,480/ounce, a record high, up 0.46% on the day. (Jinshi)

Spot gold breaks through $2,480/ounce, hitting a record high

Odaily Odaily News: The US dollar index DXY rose 14 points in the short term and is now at 104.3. (Jinshi)

The US dollar index DXY rose 14 points in the short term and is now at 104.3

1/N BTC will not rebound to the previous high
Please think about what the general environment was when BTC reached the ATH twice before?
1) Strong and continuous ETF buying, real money (Figure 1)
2) Peak liquidity (February-end of March) (Figure 2)
3) Excessive market expectations of interest rate cuts, as high as 180bp at the beginning of the year (Figure 3)
What is the current environment? You will find that even none of these conditions can be met now. Let's dive in together.
2/N
For ETF buying, please refer to Figure 1. The "marginal purchasing power" is actually much lower than at the beginning of the year. How to understand? If you put...