Viewpoint: The market needs multiple factors to resonate in order to regain its rise.

On November 7, analyst @AxelAdlerJr posted that for the market to return to a risk appetite trajectory, what is needed is not just one piece of favourable information, but a continuous stream of positive signals from multiple factors working together. U.S. Treasury yields must stabilize or decline to boost market confidence. At the same time, the fear index should narrow to 14-16, credit spreads should tighten, and the momentum of gold should weaken—this means that safe-haven assets will no longer be the only obvious choice. For crypto assets, this implies: Bitcoin's solid support level around 100,000 USD halts the fall, the Spot ETF resumes net inflows, and re-establishes its status as a global high-beta asset. The macro narrative must shift from loss control to opportunity grasping—the market does not need paradise, just to avoid new crises: a controllable financial environment, no signs of a serious recession, and no unexpected new policies from the Central Bank. When 3-4 of these three elements are simultaneously met for at least 1-2 trading days without new shocks, it forms an emerging sustainable risk appetite.