Mechanism Capital partner Andrew Kang expressed his views on x, stating that market participants may be overestimating the impact of the Federal Reserve interest rate cuts and China's stimulus measures on the price of bitcoin. During a period when interest rates are reaching and surpassing multi-decade highs, bitcoin has risen 4.5 times, indicating that there is almost no correlation between interest rates and bitcoin. It is seemingly absurd to expect a strong negative correlation to emerge when interest rates begin to decline. Furthermore, the bullish impact of China's stimulus plan on stocks is much greater than on cryptos, as Chinese traders have noticed a shift of funds from cryptos to A-shares. Kang believes that the market is still evolving, with new projects and capital rotations potentially causing price fluctuations. Currently, it is expected that the crypto market will fluctuate between $50,000 and $72,000 until a substantial catalyst emerges.