1. Breaking news: Hezbollah confirms leader Hassan Nasrallah is dead (killed in IDF airstrike on Beirut yesterday)
2. Talking about the US dollar and Bitcoin, with the rapid depreciation of the US dollar, usually #DXY falls, it will attract new capital and push up the price of Bitcoin. With the recent weakening of the US dollar, the positive correlation will be seen when the US interest rate is superimposed. If the Fed continues to cut interest rates as planned, it may cause DXY to fall further, which will be beneficial for funds to enter risk markets such as Bitcoin
3. According to Glassnode data, the accumulation of Bitcoin #BTC☀ has increased significantly in the past 30 days, and smart investors are rushing to buy Bitcoin
4. Bitcoin spot #ETF✅ has seen a steady net inflow, which indicates that investors are more confident, especially institutional investors. Of course, this optimism is attributed to the promotion of market-friendly policies such as US interest rate cuts and China's economic stimulus (Figure 1)
5. In August,#corePCE increased by 0.13% month-on-month. If it is to reach #美联储 9 SEP forecast (2.6% year-on-year) then core PCE must grow by an average of 0.15% month-on-month by the end of the year, which means less than 0.15% is bullish (Powell will continue quantitative easing or speed up the pace to give the green light)
6. From the chart, we can see that in the past month and a half, the realized profits of STH-short-term holders have declined, because the current price is lower than their purchase price (Figure 2)
7. From the chart, it can be seen that the selling pressure of Bitcoin $BTC is the lowest this year. Even though Bitcoin is close to its historical high, few people sell it, so this is bullish sentiment (Figure 3)
8. Finally, let's talk about A-shares #A股 In the past 20 years, there have been about 4,800 trading days of decline, and long-term investment returns are only determined by the 30 trading days with the highest increase (it's the holiday), which means that 99% of the days of Qing stockholders are spent in pain, so are you optimistic about A-shares?