Welcome everyone to join my chat room. When there are 200 people, send 🧧~ (copy the following 🔗 and open it in the browser)

https://www.suitechsui.red/zh-CN/messages/serviceGroup?channelId=24

Daily Summary:

• BTC ETF net inflow exceeds $300 million, Bitcoin seasonality record shows bullish October

According to Farside Investor data, the US Bitcoin spot ETF had a net inflow of $364.71 million yesterday, of which BlackRock IBIT had an inflow of $92 million, Ark ARKB had a net inflow of $113 million, and Fidelity FBTC had a net inflow of $74 million.

Yesterday, the US Ethereum spot ETF had a net inflow of US$43 million, of which BlackRock ETHA received US$9 million and Grayscale Mini ETH received US$26 million.

If Bitcoin breaks through $67,000, the cumulative short order liquidation intensity of mainstream CEX will reach 1.36 billion

According to Coinglass data, if Bitcoin breaks through $67,000, the cumulative short order liquidation intensity of mainstream CEX will reach 1.36 billion. Conversely, if Bitcoin falls below $62,000, the cumulative long order liquidation intensity of mainstream CEX will reach 2.078 billion.

The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts being liquidated. The columns on the liquidation chart actually show the importance of each liquidation cluster relative to the adjacent liquidation clusters, that is, the strength.

Top Trader Eugene: Bitcoin Seasonal Records Show Bullish October

Top trader Eugene Ng Ah Sio said in a social media post that seasonality is often an important factor in determining animal spirits.

As we approach the end of September, the market has never seen a situation since the birth of BTC where the market rose in September and closed down in October. In the previous 11 years, BTC has only closed down twice in October, and it had nothing to do with the price action in September. This data point itself means nothing, but if enough people interpret it as a buy signal, the self-fulfilling prophecy will spread quickly.

Fed Governor Cook: Supports the Fed's 50 basis point rate cut last week and is confident of maintaining a healthy labor market

Fed Governor Tim Cook said in a speech prepared for delivery at Ohio State University on Wednesday that he "wholeheartedly" supports the Fed's move last week to cut interest rates by 50 basis points, citing a slowing labor market and easing inflation. "This decision reflects our growing confidence that, with appropriate adjustments to our policy stance, we can sustain a strong labor market in the context of moderate economic growth and continued sustainable declines in inflation to our objective."

Cook's speech focused largely on artificial intelligence and what it means for American workers. She said the technology has the potential to provide a "huge and sustained" boost to labor productivity growth. While AI could eliminate jobs, it could also create new ones.

Market Analysis: The market breaks through the $65,000 mark, SHIB leads the rise of mainstream meme coins

Market Hotspots

-Hamster Kombat token HMSTR of Ton Chain's leading point-earning game Hamster Kombat is listed on the trading platform, with a current price of $0.007 and a circulation market value of approximately $420 million, which is lower than market expectations. DOGS, also a Ton track game project, currently has a circulation market value of approximately $450 million.

-The meme market on the chain is booming. The popular hippo meme coin Moodeng on the Solana chain has risen more than 1,000 times in the past two weeks, and its circulating market value is about 190 million US dollars as of the time of writing. Other meme coins on the Solana chain, such as Presto and Omochi, have also seen impressive growth, stimulating the market demand for SOL and driving the growth of other meme projects in the Solana chain ecosystem, such as POPCAT and WIF.

-The meme sector led the market, and SHIB, BONK, PEPE, BRETT and other coins rose. Compared with the previous rounds of market, the meme sector rose before the overall market. This round of these old meme coins lagged behind in rising, which may indicate that the market has entered a frenzy for a short time. The meme coin NEIROCTO, which led the market earlier, fell after rising, and a short-term correction is inevitable.

Market Trends

-BTC broke through the 65,000 mark, and BTC ETF saw a large inflow of funds, and the market trend was stable and positive;

-ETH performed poorly, with almost no upward performance. The strong rise of the market did not attract enough funds for ETH, and the ETH ETF performed poorly;

- Altcoins generally rose, with SHIB, PEPE, BONK and others rising by more than 20%.

Macroeconomics: The three major U.S. stock indexes closed higher, and foreign investors increased their purchases of Chinese assets

The three major U.S. stock indexes closed higher, with the S&P 500 up 0.40% at 5,745.37 points, the Dow Jones up 0.62% at 42,175.11 points, and the Nasdaq up 0.60% at 18,190.29 points. The benchmark 10-year Treasury yield was 3.79%, and the 2-year Treasury yield, which is most sensitive to the Fed's policy rate, was 3.60%.

Popular Chinese stocks soared across the board, with the Nasdaq China Golden Dragon Index soaring 10.85%, the largest single-day gain since 2022. Alibaba, Pinduoduo, and JD.com all rose by more than 10%, Fangdd rose by nearly 110%, Gaotu Group rose by more than 27%, TAL rose by more than 23%, Beike rose by more than 20%, Xpeng Motors rose by more than 10%, Li Auto rose by more than 6%, and NIO rose by more than 2%.

Summarize

In the coming weeks, the crypto market may continue to be driven by the inflow of funds from Bitcoin ETFs, and the price may challenge higher resistance levels. If Bitcoin successfully breaks through $67,000, market sentiment may further heat up and attract more investors to participate. However, if there is a price correction, liquidation pressure may lead to sharp fluctuations in the short term.

In terms of macroeconomics, the Fed's policy adjustments will continue to affect market sentiment, especially investment decisions on risky assets. Investors should pay close attention to economic data and the Fed's future policy direction to assess its potential impact on the crypto market.

Finally, as the market pays more attention to meme coins, related projects may attract more capital inflows and boost the activity of the entire crypto ecosystem. Investors should pay attention to these trends and allocate assets reasonably to cope with possible market fluctuations.